Traders are nervous here
I've turned on the "yellow light" for two reasons. 1) the top already happened, 2) some folks would be tempted to buy on this weakness. I'm not buying any long positions because I think there is still more downside to be seen before the RumWave produces a "buy" signal.
Notice in the daily scores (above) that the RumWave score is in the low double digits and the "score total" color is dark green. This is an indicator that the market has moved quickly to the downside and a bounce is not out of the question before we continue lower.
GOOD LUCK TOMORROW!