After a retest of the zero line from our key indicators, the market declined again this Wednesday, telling us the bounce back is probably over.

The Sigma Trend Index declined from '-2' to '-6'.

Our Swing Indicators moved from '4' to '2', telling us the decline was severe and made important damages.

The Breadth index fall back in negative territory:

Conclusion:

We expect an acceleration to the downside in coming days (capitulation mode).

For the time being we feel comfortable with our short position.

Current position: short @ 1334.07

Have a nice day,