8/11 9:20

The 150-day M/A (green line) comes in right at my critical support, 10,483 cash and 10,447 futures. DJ futures are currently 10,454.  So I will wait on a bounce to go short if 10,430 is broken.  I am reluctant to short the market until Friday but if  critical support is broken that indicate the technical foundation is crumbling early.  Until 10,430 DJ futures is broken I will buy the 10-minute M/A upside stop.
I count 9 waves down from yesterday's high so this could be a bounce once the 150-day is hit.