S&P500 : Sell Stop-in below 1045

• Short at 1088 and 1067.
• Plenty of downside potential left in this.
• Monthly : Jan10 bearish engulfing candle = end of rally since Mar09. Jun09 and Oct09 black candles did not see follow thru the following month. Jan10 is the first sell-off in this run that has continued into the next month. Uptics to be sold. [Fibonacci levels 966, 909, 852].
• Weekly : UpTL broken. Some support at previous 4th at 1029? 1045 the low so far this round. Would put a sell stop-in below 1045 to increase shorts. Trying not to over-do the pyramiding though as we still need to make a series of lower highs and lower lows to define the downtrend. Until this is evident, be wary and skeptical to stay alive. Proper trade sizing = No panic when squeezed = Exit on own terms.
  
• Daily : Lower highs and lower lows clear already.