As at 7.45am EST, dow looks set to open -50/75pts. Given 15/30mins by 10am, dow could easily be down 100pts.
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Arguably, there is no point shorting at the open, the 15min cycle is already kinda low on the MACD cycle. A few good people out there also suggests we'll still hit sp'1400 late today or early Thursday. So the bears would do well to at least wait a few hours today before hitting any buttons.
Dow 15min
So right now, I will let them wash out the weak bulls, and see lets see how strongly they buy this up in the latter part of the morning.