So I have a new bull count(white/yellow) for now, bear count(blue/orange) still the same. A gap down tomorrow should be bought as long as the gap is not huge. I would be a big buyer at 1215-1220 S&P if I had any buying power. I deposited some extra money in on Friday but it needs 3 days to clear which might not be until Wednesday.
A break of 1257 would be a buy signal, but maybe you don’t want to buy there and instead wait for a retrace. Also note that from this position it’s very easy to form cascading IHS formations. I would definitely not be looking for shorts at this level. Although I said that a week ago and I’m down 40 points on the S&P.
