dow chart, page-134

I do notice that in impulse moves, after a multiple day directional move, there appears a pause that suggests maybe it is all over.

That is usually followed by an extension move for as little as a single day, that freaks out those that were hoping it wasn't really an important move.

Freaked out, they then cover only to see a counter move.

So yes, that implies another weak day and then everyone will be bearish.

Infallible, no!

Just looking SPX very short term EW suggests a couple of very minor down legs intra day.

I did say I had all indicators bearish I thought, but on EOD analysis I still have a few on the bordeline.

Because SPI has been trading at night, dynamic lows daily are now 4573 for tonight and tomorrow although longer time frames are a little higher although sub 4600.