You really think max-pain means anything with such small O/I? Personally I don't. Interestingly 532 is actually where I measure the iii of 3 stopping. In any event a iii of 3 down is real unmistakable so we'll know pretty soon.
I have spent about 12 hours this weekend looking at charts and I am quickly losing faith in any idea that we are going to see new highs in the indices.