The BAM-VI triggered a sell signal at the open on January 30 at the DJIA cash 26164.45 level and is now predicting a fast-market decline into the Tier-2 trigger at 25692. Once that level sees contact and a wobble, we’ll be looking for a fast market attack of the Tier-3 trigger at 23757, followed by a continued collapse into the retest at 21850 and eventually our Tier-4 trigger at 20377.
Bigger-picture, the stock index model will remain flat or short into March 9-16.
Bitcoin continues to track the model well, and we remain focused on the retest at 6255 against this morning’s low at 7700. Bitcoin has crashed over 60% since the model triggered a sell signal back in December.
