Currently, NYSE McClellan Osc is at -225 & last night NYSE Down to Up Volume Ratio hit 11.5 for NYSE.
On June 6, NYSE McClellan Osc hit -311 (SPX closed ~1609), on June 12 it hit -284 (SPX closed 1612) both above 50-day MA (cyan on the chart above).
Today we are below 50-day MA....if 1590 on SPX does not hold on closing basis today, tomorrow could be bloody... who wants to be long over this weekend any way!
FOR NOW, WE WILL KEEP OUR SHORT SPX with Timer Digest !!