Last Friday I got the go-ahead to short the stock market. Currently we have 6%SDS, 4%DXD, 1%UCPIX (a long-term core), and 3% EUO.
SP, NQ, and DJ futures have broken their trend channels and are declining to support M/As.
NQ futures 15-minute, 86-unit M/A indicates 2353.25 as the break point. I have a short order at this level on a stop. SP futures 30-minute, 92-minute M/A is at 1330.75 and the break point is 1324.
The SP futures M/A should provide temporary support.