If we don't get a 60 min Phase 1 by the close today and if the Daily closes below it's UTL (1619.59) today, tomorrow has the makings to be a big red day.
The next Daily Phase 1 projected low is currently at 1559.11 that is just one point above the Weekly Phase 1 projected low of 1558.11
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."