My strategy today is to short a spike top. I expect the market to close on the upside today to get the daily technical composite to +4 or below and relieve the oversold condition.
The weekly technical composite is on a strong sell signal with a -12 trough value. This signal remains in effect until the composite returns to 0.
Jack Cyrul sent in some trendline charts. This one shows convergence of trendline and 50-day M/A for the SPX at 1317-1318 which is about the same area I'm looking for with SP futures at 1314.