Both Medium-term and Short-term models have adjusted their stops to 2712 on the currently profitable short positions. This would lock in 17 points profit for the medium-term models and 47 points profit for the short-term models, if hit (or, ride down for more profits if not hit and if the market continues to drop)!

This extreme tightening is done to lock in the hefty and swift profits, with the indication that the session’s move lower could likely be overextended and there might be potential consolidation upwards in the coming few days (as of now, 3:30pm EDT, S&P 500 at 2705.97).

Happy Trading/Investing!