[S+P500] update

While the model did not change much at the backlink for the S+P, bullish sentiment increased because of such a multi-day winning streak.  This was seen by the 15% collapse in UVXY.  While there may be a little more S+P rally left before a big reversal, now is the time to start looking at UVXY for re-entry.  If this goes down again like the major models suggest will happen, UVXY is going to make big percentage gains from these levels, especially if a lower low than the low of Aug 24th can be made.  This is when the first real herd panic should begin to unveil itself. That will be the first time that the buy the dip crowd actually second guesses itself.

But one thing at a time.  First we have to put in a top here and of course there are no certainties, only odds.