SPDR S&P 500 (SPY)

[imiloa]

fwiw, many techs finding their feet over the past hour.
NFLX, TSLA, NVDA, BABA, etc... all looking like they could bounce today.

nothing certain til it happens.
but i wouldn't bet on techs dropping today
unless i saw new LODs in several of the heavyweights.

my guess is SPY recovers a bit today.
maybe even a decent afternoon run,
just for old TINA's sake.

then weakness tues/weds into weds FOMC.
tho, i agree with AnG that QQQ seems a better short into FOMC than SPY.

i'm thinking QQQ puts, FAS calls tmrw.