9:15 EDT Stock futures moving averages determine overnight trend. SP March is at 1141.10
SP 10-min 80-unit avg earlier at 1144. Currently at 1142.40 so 10-min trend is down until rally past 1145.40.
SP 30-min 92-min = 1142. Still in uptrend until decline below 1137.
DJI neckline is at 10,540 which provided support yesterday. XMI support at 1163.
Bigger picture flash point is S&P cash 15-minute 54-unit M/A. The trigger for my further shorts lies at 1136.70. Bear market signal is DJI decline below 10,400. Yes, yes, this is above prior lows, not below them. Thus, if DJI makes it to the old lows, I will wait for a snap-back from the lows to short.
Silver cash needs decline below 16.80 to confirm 90-minute M/A sell signal. This is a shelf of support.
Current model positions:
5% capital SDS
5% capital DXD
5% capital SKF
1.5% capital ZSL short silver
Waiting on support break to increase positions in both markets.
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