We've seen this work before. Once prices break through the channels, the mechanical SELL is triggered as it is being confirmed by both the False Bar Stochastic and the Elliott Oscillator. There is also a lot of confirmatory supporting evidence in the Intraday Trend Models, in particular the 240 minute models which have been navigating this market well over the past few months.
Even though the SPX_Daily Trend model doesn't kick in until 1061 is taken out, there are enough other weight of the evidence considerations to consider the short side now.
A
