Downtrend started in SPX500

Looks pretty good to me with the key outerfork retest earlier in the week. $SPY $QQQ $VXX $UVXY $TLT

הערה:

First target 2875 at the 21-day lowest close.

הערה:

DOW hits 20 Day and SPX hits 50 Day SMA. We may pause here for a moment.

הערה:

Approaching target at 21-day lowest close (yellow channel) near 2873.

הערה:

Closing shorts here. SPX500 completed the outer fork. DJI is resting on 50 Day SMA.

הערה:

Closed short way too early but I am fine with it. We haven't seen this type of volatility since early February, and it is apparently for the same reasons. The lesson is that when bonds start to make new 52 week lows rapidly that the rate shock hits the stock market about 1-2 weeks later.

הערה:

There may be a long opportunity for a 50 point bounce off the Year VWAP.

הערה:

The bottom today was exactly the 200 Day SMA also.

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