9/1 2:00

Stock market is tracing out a 4th wave rectangle on it's way up.

9/1 11:00

Bought 4% SDS 33.56, stopped out 33.48.  DJI and SPX have completed their 3rd waves up.  The 4th might be a triangle.  If so, we are in the 5th wave up.

9/1 10:20

Bought 4% SDS 33.56 as a day-trade.  Stop DJI 10255 just above the high of 10253.50.

9/1 10:00

DJI crossing 10,210 was my exit from shorts.  This breaks critical resistance and confirms bottom is in.

9/1 pre-open

The end-of-month seasonal provided additional punch from the re-test of SPX 1040 yesterday.  I count abc either complete or c wave 1st of 5 complete. 

There is good resistance at the 90-minute M/A

So, we have an abc that appears complete and I1 bottoms tomorrow.  I am flat futures,  6% QID which I will sell on weakness.  The bottom is probably in so I will not hold out for a new low.