Here we go again another 100% retracement we had one back on the 6th. Now we have a clean break below the trend line. Looks like it’s sell the rumor buy the news. Tomorrow is a really big day in the market if we close below the trend line that would make 2 consecutive close’s that is conformation trend there. Also we have quad witching opinions expiration tons of SPX. The 388 volume shelf will be broken most likely pre market. My plan is waiting for the high of the first 30 minutes then buying puts. They are pricing in the 75bps from the fed either way be careful out there. I need to stop listening to Bloomberg so much they love to ham it up. As always trade what’s in front of you good luck and don’t fight the trend
