10/8 3:30

As long as the 30-minute M/A sell signal holds I'll increase to 16% SDS at the close today.  30-minute close at 3:30 was 1161.25.  So we're OK.
The signposts are:
1) I1 double-topped yesterday and today, favoring today because of it's nominally higher value.
2) With a double-top I need to be alert to the possibility that the market will reverse from noon on.  I posted that this would not happen at 2:30
3) We are on a 30-minute M/A sell that will only be neutralized with a 30-minute close SP futures greater than 1161.25.  This allows me the freedom to increase my short exposure up to 16% on the I1 turn date.  I increased it to 10% shortly after noon to avoid chasing a falling market if a sell-off occurred.  If SP futures hit 4:00 less than 1161.50 then this is what I'll do.
4) With the I1 turn next week will produce the turn in contractionary sentiment that Basel and the Fed have been trying to overwhelm.