Last week's decline broke the DJI critical M/A, confirming the decline. However, DJ futures only marginally broke their hourly M/A and closed the hour almost back up to it. Therefore, I withheld an all-out confirmation until DJ futures decisively broke. This is .85% below the 270-hour M/A, which it traded below but has not yet had an hourly close below.
Sold 3% SDS at 20.34, 2% QID at 48.72, and 2% TWM at 41.59. If and when I get a DJ futures confirmation I'll go more short. Today is the adjusted lead bottom date and being near a critical confirmation level I'll choose the way of discretion. I'll reserve the valor for the silver futures short.
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