Well that wave 1 down turned out not to be. SPY made a new high today by 0.01. SPX made a new high though the /ESH0 did not. So we again must wait to see if this is the top or will it extend higher yet again. A turn now will be a double top.
The hourly chart is showing negative divergence in the stochs.
The VIX daily has diverged a bit as we have made a new high in SPY, but did not make a new low on the VIX.
The BPSPX:CPC has not given a sell indication yet. Its been the most reliable indicator through this downturn and correction. Still holding a small position in FEB Puts.Its interesting that INTC's good numbers have not had a larger effect on futures in AH.
