The first hurdle is a 30-minute close below 1150 Dec SP futures. This will break the 30-minute M/A. This M/A is rounding over so 1150 is fixed.
The final hurdle is DJI 10,745 which will break the 5-minute,380-unit M/A. This M/A is moving up so the longer DJI stays above 10,890 the higher the break point will be.
Until these levels give way I have to respect the I1 which favors tomorrow. I'm currently only 3% SDS with no stock futures shorts, so this is not a committed position. I will be shorting more on a rally approaching the highs.
Today or tomorrow is the I1 peak day. Tomorrow is the Jobs report so if the SP 30-minute M/A holds I would expect a selling opportunity on tomorrow's report.
Crude is a sell on any strength. The dollar has made it's bottom but I expect it to back-and-fill until tomorrow. I'm short crude futures and long dollar futures.
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