Ok...nice down off the top...saw some 5 waves in there. All happy here...
Now this is a problem...The BPSPX:CPC has been very reliable so far this bear market signaling entries and exits. Today with a down day, it actually signalled an exit of short positions.
CPCI:CPCE still in sell mode.
Vix moved as expected with a long white bar to the center line of the BB.In conclusion I would expect this to be the beginning of a 5 wave move down from the top. BUT the BPSPX:CPC leads me to believe that we may still be in P2. My plan is to scale back my puts and see watch what happens.
