SPDR S&P 500 (SPY)

[trendzone]

It' goes much further than just what SPY does in the next few days, if the overall market other than just a few sectors can't recover at least half of what they loss, as the overall market was not able to do, with some of the worse market breath seen in some time, with the Russell in the red, which means many mid and small caps were under selling pressure, as were many big board stocks that also did not recover much of anything, the only ones that had some recovery were the usual S&P large percentage of the index favorite pumps, other wise paint the tape stocks for a fake bounce, more than a few trading blogs with inside knowledge of how professional traders operate, have said they have noticed behavior in futures trading that's not retail traders, and more of the professional type in nature, of futures front running many hours earlier than would be usual seen by those of traders, as if the big boys got their traders to open shop a lot earlier to run them up, and make it look like the usual futures pajama traders were at it, when there was plenty of outside help doing most of the lifting, kind of like they were at work preventing a carry over melt down correction today, that is way past due, perhaps Carter is wise to that, and why he warned and said don't total trust today's bounce, and was giving a heads up warning.