Although we thus far have fallen short of triggering a Downside signal, I’m removing the Upside Warning that’s been in effect since March 15th. It served its purpose, albeit a little late, as the market has remained strong since the Feb 11th low. If we don’t get a downside warning, keep call spreads at 2135 or higher. But if we continue lower, Downside signals are likely to be hit next week (if not today). The first signal is 17.21 (high today so far is 17.09)… if that’s not hit today, it will be adjusted to 18.75 and 19.03 for Monday. I will be looking at taking off at least one put spread today before their stops are hit to reduce downside risk going into weekend.