Nasdaq futures spiked last night. That was the high for the counter-trend rally. Today the supply chain disruption from Japan held ADP to 38,000 jobs, far below estimates. SP futures came down to their 30-minute M/A. A 30-minute close below 1333.25 will confirm a new downtrend is in place.
DJI critical M/A envelope 12,580 still stands. My stop is at 12,585. I don't expect this to happen.
Today is the first top day in the short-term timing component of I1. I'll be increasing shorts late today.
Currently holding 3% SDS, 2% DXD, 1% SOPIX, 1% UXPIX.
This does not carry the same weight as the SP futures 30-minute M/A, however. So, I'll look to increase shorts on strength after the 30-minute break or near the close today.