This warrants a full email to the entire membership based upon what I sent out before:
We are now hitting the region of the .236 retrace of the larger degree wave 3. this SHOULD and often does mark a bottoming region for an a-wave. But, don't be a hero. allow a reversal to take hold over 1900 before looking at the long side.
Again, this is a very dangerous region for the Market, but we are seeing MAJORLY oversold reading and we are in a support region.