holding short until gap fill

Gap fill spy 129.30 and 61.00 on the q's not sure where its at spx but that will be the first decent ounce will exit ther and reshort for another leg down. Looking at 59.50 q's and about 1270 spx. Good trades everyone O

One of the targeting mechanisms I use now gives a high probability of that... However, someone needs to call the other non-equity risk-on markets - particularly gold, junk and EM bonds - and make sure they got the memo...I'm starting to smell a retail sell-off.

Yes it could turn into a trending down move. But at some point they will start the rumor mill... and fudge some numbers. Actually im looking for a gap fill a bounce one day then a lower low around 59 on the q's. But they have me trained to be scared of holding short. I think gold was only a bounce and we start the next leg down. Looking for a triple bottom at 148 and doubt that holds but not playing it. Alot of stinky stuff coming from across the pond in the next few days. Imho O