for a market melt down. 50 remains in strong sell mode. In fact it is even more bearish after this weeks action so far. Instead of working off some of it's readings it actually got worse. Not something I would have guessed but I don't guess just follow. Best to all who shorted buying puts 9 weeks ago, you know how much you made and the mocks from the longs. No doubt this will generate more but who cares we have been on the right side of the market for 9 weeks running.
Options say to me that they will take out The $118 puts tomorrow. It makes sense, they may even shoot for $119. Any close above $118 is a money maker for Wall Street. What happens come Monday is a whole different ball game.