We had better print a higher high this afternoon or else the market is toast. The only thing that will keep it bid tomorrow is bs from the Fed. Just as I mentioned when we were at ~705 SPX, the 871 area would be key based on TD Sequential buy signal I got from the March lows. If we cannot close above that we are looking for more cascading. Intervention should soften the fall, but ultimately will not keep us away from where we need to be.
13 count sell up there is golden plus he just hit a 61.8 PP. We need fed intervention today or tomorrow to keep this from getting real ugly.