I think you are right, to pass through SPY 200 they need more short fuel. They will get it soon it may be 2-3 day short selling which makes bears comes out. Most stocks probably will come near 50 Day MA but SPY will show worst picture. Although I think Monday we will be back up near 195.20 area on SPY. Happy Trading.
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.