Early this morning SP futures broke their 30-minute M/A envelope with a 30-minute close more that 5% below. The rally today did not reverse this sell signal and will not do so until there is a 30-minute close .5% above the 30-minute M/A. This is one reason I went short earlier than the I1 peak.
DJI completed a 3 up from last Wednesday's low. A decline 1.35% below the 5-minute, 370-unit M/A will confirm that the top is in.
If cash Euro declines below 140.40, the wave 1 high then the top is already in.
I'll be on the road tomorrow, but I'll be online tomorrow night and periodically Friday.