SPDR S&P 500 (SPY)

[gdl]

2100 is IDEAL! Will pounce on it if it happens. Breakout now definitive. Not much headwinds as it crawls higher.

I have never seen a 4 day spike move off such a drop.
I would give the odds of a decent pullback at over 80 to 90 percent. In other words as good as it gets.

How hard it drops is also something that I am fairly comfortable with. We need to see a definitive or decisive move down tomorrow. Not sure how strong the move just one that is decisively down. I expect mid-week of next to hit the lows. Could be matching the recent lows around 1990 or as low as 1950. Possible to go even lower but I doubt it will happen.

If on the off chance it is a very shallow drop tomorrow or even higher all bets are off.