Yes, that was a down day as most had expected and the internals warned us about the weak market during the previous sessions.
However, all it is so far is a down day in the midst of several days up, and we must note the impressive bounce from yesterday's lows that cut the drop by 50% and took SPX above the 2900 level.
One data point is not a trend; SPX has to finish below yesterday's lows to maintain this bearish tone.
JOBS report is usually spun bullishly but the skittish bond market may tank if nudged by any data in the September NFP
ST Long, IT Short
ST LONG exit stop @ SPX 2898.5
IT SHORT exit stop @ SPX 2904.2