Yesterday's potential Key Reversal turned into a Trap Door setup right at the open and got progressively worse as the day wore on.
The SPY/SH Vixen chart below looks like a JAWS caricature...it was just as scary if you had long positions. The SPY TrendX chart on the right suggests there's likely more bad action to come.
Our suspicions about M3's failure to go long after yesterday's surge turned out in M3's .favor and we avoided a substantial drawdown by sticking with a cash position going into today.
The work on the SPY Pulse model continues...here's the latest below...now termed SPY-X. Refinements continue before deploying actual $ but the preliminary results are more than encouraging.