these letters are not always bearish for now they are because of changing trend
at bottoms they will have similar meaning just the other way
FOR NOW down we go.
TARGET for monday about 105 to 104.50 spyders.
THEN we c what the bounce back will look like I WILL not cover my puts then nor will i go long BECAUSE a much bigger wave will show after that. also if we close under 105 next week spy with no bounce back just know the down is IMPULSE VARIETY. which i do not expect yet BUT AM prepared for.