sp'60min
Summary
With the failed bull flag early this morning, the bears took control, and today was probably the best downside we've seen in quite a few months.
This is probably just the C wave of an ABC that I had originally looked for last week, only to scrub yesterday (yeah.. as I titled it..'permabear kiss of death').
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Best guess...further downside by Thursday, 11am...to the sp'1774/72 - as based on the previous ABC down cycle of late Oct/early November.
To those on the short side today...well done!
..I just pray to the gods..you all get a decent exit early tomorrow.
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more later..on the VIX