Red

I don't think so…the stars are all aligned (charts) so pretty hard to find something bullish…I got this feeling in the gut somethings coming….probably need to eat…

Jim, the VIX is above containment. There is nowhere to go here but down.

Everyone reads the charts differently, so some will view it bullish, and others bearish. I can't see anything bullish, but maybe I'm being one sided?

Well some green for a bit. Are they giving the bulls a chance to get out or bears an opportunity to add?

With averages aligning I do not know how or who would be bullish but they seem to pull it out.

just bought more. Figured I'd take the risk that it goes slightly higher.

Been looking for fake prints but can't find any.

I meant to say May puts – holding all the June ones.

I am sticking to sundancer's low estimate but I will get rid of my puts either today or tomorrow. I will hold onto the June ones. Meanwhile, if we have a giant bounce, I will then use the capital from my may puts to buy more june ones.

There is a ton of downward pressure overhead now. As you can see from the charts above, the monthly, weekly, daily, and 60 minute chart are all pointing down. It's going to be hard to rise up very far. The 1130 area would be a gift to the bulls.

I agree, this should be the Big One, but if you look at old charts there appears to about a 50% chance that substantial losses are incurred the following day, though are reversed by EOD.

I think today's bottom will be a fake-out, in the range I mentioned. I will be sorely tempted to exit at 1050, though.