Bitcoin has broken down and as suggested in yesterday's update, the equity indices appear to be following. Bitcoin DJIA VXX Still waiting for new VXX Intermediate Term Buy, expected >$22, IWM - Fresh Intermediate Term Sell Signal Going into the final two hours of trading Friday the IWM Intermediate Term Trend Model has flashed a fresh Sell Signal while at the same time is sitting on at the bottom of its Fibonacci Reversal Window. A break lower now would confirm the beginning of a Wave 3 Down. While under normal conditions waiting for that break would be prudent before adding to short positions, the risk is that Monday is a gap-down day. Accordingly, at least a partial position can be put on before the close: IWM Intermediate Term Sell Signal Pending: @ Close <$195 Currently $194.91 Option: Sep 16th $195P (5.05-5.10) Stop - 50%
