after gapping right over the previously identified key areas of 1200 ndx and 850 spx, the market has sold off hard today and is now testing them from above...aka a backtest. in a perfect world (not the one i live in) the market will maintain these levels and head up from here no later than monday but preferrably a little bit of it into the close today
failure to do so should bring on a quick trip to the lows of last week with potential to test lows of november
Blood in the streets. The house of cards has come a tumbling down.