I realize that this is pretty far away and certainly might not happen. On the other hand there are no higher projections at the moment and after today's early surge, the A-D is negative on both exchanges. If we were to close below 2895 either Tuesday or Wednesday we would get both 5 week and 10 week projections to around 2850. The 5 week number would be higher on Thursday and Friday while the 10 week would be a little lower.
On September 12th I mentioned there were two bullish indicators. The 10 day OEX put call is now bearish while the closing 10 day Tick is still okay.
