10/7 Daily Commentary

DJI touched critical support and took off in what I expect to be an abc up.
Stock market is in the C wave off of today's low.

I'm 5% SDS now and we have a 30-minute M/A sell with prices 1 point above the M/A after the cash close. 

The sell signal will be nullified with a 30-minute close above 1161.50.
I1 today was 2.141, tomorrow 2.164 so they are very close.  Either day.  Jobs report tomorrow.  I like going in light for this one.
Made good money on crude short and dollar long futures positions.  Closed out crude short but re-entered at 81.475 on what I believe is a 4th wave in progress.  There was a running correction 2nd wave which indicates a market in a hurry.

Crude's forward sentiment gauges indicate downtrend into February.  I'll cover mid-December on seasonal.
I'm holding onto the dollar futures position and UUP.  There is strong resistance at 78 so I'll sell the futures positions into it.  If the dollar can break 78.40 it is on it's way.