Nearly all of the indexes have Key Reversals for downside. The top formations are strong and the correction is underway. If the correction get below 10 % then it will be a bear market. Currently the test might come on upside a bit before turning down to new lows. 61.8 % of Wednesdays bars is the highest mark to keep the trend reversals in place. The top of of that bar is currently the highest point if the correction would continue. Yesterday lots of short sellers came in at that top. A very interesting January close comes tomorrow as I earlier have said and today and Friday might get very choppy as the markets were yesterday. I do not recommend any long positions now.
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