Alternative Path

[gdl]

*** Just noticed another possible immediate pattern and path. Had a 5 day slide followed by a 1 day rally (today). if that holds we could drop another 5 days and end up at the lows on 3/21. Now even if we do drop till then not sure how steep. could duplicate the 200 SPX slide in next 5 days or have a more orderly slip/slide till 3/21. ***

I am leaning towards a milder drop from here. BUT here is the really reverse strangeness of this market behavior. Greed last longer and is always stronger than fear until despair kicks in. Markets generally want to rally. IF we do the worse case scenario and drop another 200 SPX points there should be an even bigger dead cat bounce assuming the FED only raises by 25 points. That rally from say 3700 could go to 4100 in a heart beat!

Keeping this in mind for end of day today and start of trading tomorrow.