So apparently someone with an axe to grind on Twitter got me temporarily restricted, which is completely retarded, but here is a short-term projection for SPY. We are above an important long-term trend line that I believe will provide some temporary support.
It is the "original" broadening top channel (longer-term view below).
After we test it, I believe we might bounce for a day or two, then plunge again. It's just a guess, but it seems like a reasonable possibility.
Good to see you again Derek. Thanks for the reasonable estimate of the short-term target. I'm particularly looking for an opportunity to re-load short positions. I put a bunch on early this morning and covered st the end of the day....was good luck.