Internet problems are slowing me down today, but fortunately the market is in an identifiable down-trend-day with heavily negative cumulative tick and advance – decline performance on strong down volume. I still expect to see at least SPY $99 [edit: incorrectly had $98 earlier](near the twenty-day moving average) sometime ahead, we’ll see. In spite of the strong negative alignment for today, I’ll be equally wary of the possibility of an end-of-day recovery attempt — so I’ll be trailing stops on shorts just in case my connection drops out again!
