Mondays tape was too strong with what looked like the lightest volume of the year. Today's gap 1065.75 area is an excellent risk reward to back the size on the short swing.
Good luck and lets see if we can have a continuation of this correction. I can say though that the end of month/quarter games the fund managers are going to play with not make it a clean steady decline. Good Luck!
Update : Nice close today up about 12 points already from our 1065 short. Lets see how the trade goes off the economic news out before the bell Wednesday morning. Continuation with some volume to the downside is what we want to see from here.
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