I have analysed the 4 hour Stoch RSI and MACD. My last idea was great, but Stoch RSI shape was a "W" not "M" hence market went down. I did not spot it. I have subsequently made an interesting pattern discovery with timing potential. I have marked areas in grey. In the first two grey areas the MACD bars had been making peaks and the market going up. This time the market is making troughs so the maerket if it repeats pattern should be going down further till at least 1 hour before Wall Street closes tommorow. Whether it continues down or reverses after that I do not know. A stop between 11039 and 11311 may be worth a punt going short (how I creat the red horizontals in the Stoch RSI and how I create the hearts and squares in the MACD I've mentioned in previous postings. I may publish twice to show better current detail.
Signal on 2 hour but sticking to short - Here's why. Interesting signals on 2 hour chart. Would normally have me thinking to buy, however, although the lowest trough in the bars of MACD remained the lowest trough before crossover the corresponding candlestick above which made a low of $9,047 was later beaten by a candlestick bar with a lower low of $9,045 before the MACD crossover. Therefore I'm not buying into this signal and still thinking of another short leg down coming up. Bollinger bars $9,442 and $8,838 could now need a break by a candle stick for any move up or down.