Some Charts...

The Nikkei has failed resistance and is in the middle of some rather bearish patterns. If the US markets want to push this shake out any further, which is less than a certainty, it will not be by much or last long by the looks of things. It looks like my SP500 system may want to get one more entry into this short if that were to happen. This would also, look well for the TWM chart shown in this post which looks like it is in a shake out move and may want another test of the lower trend line. Regardless, my systems are currently short which means I am - and market looks setup for a powerful down move.