I think a 5650 Bounce is Ideal for a Crash BetSPX continues to trade weak through supports. There are a long list of reasons why it was reasonable to expect a low to be made either today or yesterday and both times we've sold through supports.
I think this is a break but I do also think the more prudent positioning would be to look for a rally to 5650.
Very cautious now as a bear into this drop. Trailing stops. Considering a low might be made somewhere 5500 - 5450 overshoot at the most.
Will pick up some lotto calls for 560.