All of this whipsaw volatility will likely resolve itself to the downside.

Per the late nite backlink, today the DJIA traced out what looks like a HT with E wave throwover.  Here was the futures based expectation




Here is the current snapshot.

This must begin downward before 10AM on Monday or something else is likely happening.  After E of 4 is put in, the chart generally does not dally around.  It traces out 5 down and then usually vee bottoms as shown.   Looks like wave 3 down will likely occur in August. 

If from here we get 5 down to kiss that support line and then bounce a-b-c into blue 2, bet the farm short into blue 3, using EW stops as always.

One big indicator I am looking at is Intel.  It shares are right on the neckline just now.  IF the neckline breaks down next week and then rallies back up to kiss from below, you know the most likely next move will be a violent 3rd wave sell off.  Despite a 1.53% short-romp in $COMPX today, Intel was up a paltry 0.8 %.  This is serious weakness IMO in a major tech player and tech weakness is not historically an especially good omen for the markets.