Futures are down pretty good...

I had an important project that required me to stay very late at work, now about 4:30am central.  In any case, I'm on my way out the door and thought I would check the futures given that my model indicated red 3 should be forming right now.  In fact, 3 of 3.  That's what I would expect it would take to break down the lower green rail I showed in this big picture post.  That is why I piled into more UVXY at the close as mentioned in this post (blue 3 up will occur if these negative futures hold).




It will be interesting to see what this does to gold and commodities.  My JNUG model says it should be peaked or peaking very soon but gold is still up 8 bucks as of this post.  Time will tell on that front.