Equity Market Comment

While I had expected a little harder day down in the S&P 500 today, the structure continues to follow the short term model.

The model continues to call for Tuesday to be a big down day and should set the low for the next couple of weeks.

This could be a great short term trading week as today was a good one.

I still am of the opinion that the Low is in place for equities and after a retest of these lows it should be off to the races. I don't see a 1987 scenario as I am starting to hear more and more of, but I am keeping my eyes and ears open just in case this scenario begins to show some validity.