I ll exit my index position. The reason is If the trend is still down it won t get much above 1272. There was a marginal break on Thursday we need to see that hold. Next target is 1188 or lower. Even though today is a cycle low, I wouldn t touch it without better evidence.
Cycles are a probability-reality is what is on the chart.
I did close out all my shorts on Thursday. If the DOW Industrials start trading below 10,290 it would be the first warning something is not right with this rally. My apologies for not posting the charts that will be available within two weeks. If price is going to break the lows, it will likely test 1272 first. Yes, price is out of that range but the vibrations have been so strong I have keep in the analysis.