The market wants to sell.
Failed breakouts, heavy sell-volume and bad reactions to bad news make the message clear.
We’re looking at the recent low of 1275 on the S&P 500 for a test. What happens there we’ll discern as it unfolds.
We expect volatility to pick it up a notch, but it wouldn’t be the first time to see price action do a screaming reversal as shorts are slaughtered near a retest.
The idea is to use tight stops and limit any damage from the bet going against you.