exactly right, apparently

Bears get a BIG checkmark today with an even bigger one if they can take out the recent lows, which I think the odds are quite high. Still anyone’s (bulls or bears) game as long as the indexes are hovering around those previous key reaction lows but I think the odds are good of a big leg down in the market soon (as in today, tomorrow & next week+) unless the bulls can manage a big stick save today and/or tomorrow. A solid break of the recent lows is likely to trigger a vicious cycle of forced margin-call selling so do or die for the market here.

Doesn’t look good as in go long? Add SQQQ? Just sit on the sidelines?

If you haven’t already had time to do so, see the video I published after this post. I tried to game a bounce where the bulls “should have” stepped in, but didn’t. In poker, that is called a tell. In fact, the bulls just showed me their hand & it doesn’t look good.

stopped out below the 318 support & went short. IF the market is going to break & fall hard & fast down to my next targets on the weekly charts, this is where it likely begins (D-Week). Still a day & a half left for the bulls to hold the line but as of now, Bears have taken Ohama Beach with the fade of the post-FOMC rally & may be about to take Utah Beach if they can hold or build on today’s losses. Once/if they smash thru the enemy’s (bull’s) defenses (the recent lows), the victory will most likely be thiers.