Ok well only an hour later I am seeing quite a different picture in the after hours session and after AAPL and IBM earnings are out. It looks like this is all come down to a few hours of market action and a few earnings numbers. Just a few hours in the afterhours session is changing the chart structure completely.
I am switching back to a BOT short signal tomorrow morning right at the open assuming it is a very negative market open. This is just the way the chart is set up right now. It is unfortunate to get all these whipsaws. But flexibility is key.
I would rather switch around a lot near an important potential turning point than be sluggish and slow to change tack…
Looks like resistance is at 1185.50. I went short at 1182. SPXU
this market is the scam of the century