Market gaps down, well below the Buy / Cover Signal line and quickly heads lower triggering a Sell Signal at 3781.
The first bounce off 3768 stops the Sell Signal at breakeven and sees the open price of 3813 before taking another look at the morning low triggering another Sell Signal at 3781.
The morning low holds and stops the Sell Signal at breakeven again for a bounce to 3800 before heading lower again triggering another Sell Signal at 3781 and seeing 3733 before bouncing a little into the close.
Sell Signal active.
Of note is an ultra low number in the Arms Index, reinforcing the Arms Warning on 11-12 January.

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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.