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That was a major drop off. Might just be the start of your short position.
So far we have an island reversal going, which is quite rare and bearish. Last occurred July 6-8, 2011 but before that was back in '95. SPX lost 50+ points last time...bottom occurred July 18.
Yep, looks like today's the right track *and* the right train :-)
There went the island reversal.Also, I think it's still the right track and the right train. Except the train is a little off schedule.