3/1 pre-open

Welcome to March.
Futures ran up to minor new highs on a 3-wave overnight.  This was followed by a decline that is, so far, a 3-wave with wave 1 low of 1332.75 and wave 3 low of 1327.50.  A 5 down will be signalled by an impulse below 1327.50 and is what I need to confirm top is in.  On the other hand, a rally beyond 1336.50 will convince me that the stock market is in impulse up.

I covered my short NQ at 2363.25 overnight on the new high.  A decline below 2350 will get me short again or a 5 down develops and I wait for a 3 up retracement.

I am staying in 6% SDS until SP futures take out 1336.50.
TLT is being sold today at 92.70, although it declined overnight.