Hindenburg Omen? Did you make that up?lol
I don't know much about Dow primary theory, heisenberg compensators, flux compacitors, or what the heck ever!!lol I do know about trendline breaks, Fib retracements, and volume-influenced indicators. For the moment, they've served me well (knock on wood).
"Moderate" chance at some modest upside. 12,500 still in the offing mid-term. Today lots of real estat-oriented stocks paid the shorts off nicely. XLF in general (XLFXC in particular) paid off 50%ish percent intraday.
In my opinion, bearish "average-down" strategies will pay off through the rallies. Like our esteemed colleague Wonderbuy proports, straddle/strangle plays to hedge risk will be ok, but moderately unnecessary in my opinion.
In a nutshell, short the rallies, average down through an uptick in solidly bearish sectors and charts, in particular financials and real estate.
Unfortunately, I still sense this sideways market short to mid term. I think stock picking will be at a premium...Good Luck!!