Quite ugly candlestick on SPY yesterday. Add negative money flow over the past days and it is not getting better.
The first pullback was bought aggressively but it didn’t last that long since it seems to me that we have high odds for next bear attack. Note also VIX, if it closes above 17 today it is better to wait and see before taking any actions.
SPX area 1385 – 1390 is an area to keep in mind.
