On my last post I suggested that the S&P 500 could go as high as 1150 during the retracement. I believe that the mid range point of 1131 seen today is the top of the retracement. Numerous factors suggest such. Staying below the trend line is essential for continued bearishness. Next stop should be 950 within a few weeks (25% loss). SDS is a leveraged inverse fund for the S&P 500. Non-leveraged short of the Dow Industrials is DOG.
Caveats: some charts show individual stocks that point to new highs. However, most evidence is to the contrary. Get out!
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