The Prior Day Indications I Use Worked Well Today as Usual:
The Wall of Worry calculation pointed to significant early strength (VIX +4.24% on Mon 8-20 vs SPX +0.00% = +4.24% Rise in Fear/Rise in Wall of Worry = Very Bullish indication for early Tuesday.), then, the Put/Call Ratio Deltas pointed to some significant weakness today (ISEE All Indices & ETFs Put/Call Ratio was 2.10 at 4:15 PM EST, an Extremely Bearish +1.24 Delta from Friday's 0.86 Close (And, 2.10 is a Bearish High Level of Fear) and The CBOE Index Put/Call Ratio closed at 1.64 on Monday 8-20, an Extremely Bearish Delta of +0.66 from 0.98 on Friday 8-17's close.), see the intra day SPX chart at http://finance.yahoo.com/q/ta?s=%5EGSPC&t=1d&l=off&z=l&q=c&p=&a=ss&c=.
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