Final Update

Much like we saw earlier in the week that set up the first round of calls that did pretty well, there's what looks like either closing or early Monday intraday weakness like there has been every afternoon the last 3 or 4 days now, behind that there appears to be the signals for a bounce like we saw earlier in the week.

It may be that an op-ex pin today kept a lot of stocks from moving low enough in to the accumulation zone and thus it continues Monday, I suspect that because there were so few decent looking candidates except ones that were already knocked on their butt like FSLR.

Then there's the "Playing with fire" warning chart I'll include and it's not just on this one chart, but I figure one should do it. It's fine to take what the market offers, but we can't forget why we are here, what the risk is and I don't want to get crushed chasing pennines in front of a steam roller.

 Typical afternoon weakness on the 1 min SPY, not as bad as yesterday though.

We see it on the 3 min intraday chart too so I expect some weakness in to the close, but probably early Monday too.

The 5 min chart with its positive and this is how the last move was set up.

And a 15 min chart showing a positive, but it's not all that strong so again, be careful

HYG intraday also looks like early Monday downside

At 5 mins though it looks like there will be a bounce and it will support it.

Even here on the 10 min.

This is the IWM chart, there are some even in the 5 to 10 min range that scare me, which I welcome.

This is really the big picture, try to imagine what a bounce might look like and how aggressive you want to get chasing it with this chart in place.