Not sure, I'll have to see what the market gives. The setup is not perfect in either direction yet, so I could just as easily not trade at all. If anything I may just day trade.
Looking at fibs on SPY, I'm seeing a relief rally to the 196.25 area before continuing lower. 198 would be an overshoot before continuing to move back to the 176 area which is my target for the end of this corrective phase.
With the markets in the condition that they are, I'll be watching the USD/JPY for clues. It looks like they are back to old faithful overnight.
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