This Feels Sketchy S&P 500SPCFD:SPXholeyprofitSPX is in a mightly ole rip which is very much what I thought was going to happen but I didnt think it would happen by making a new low first. This massively changes the potential of patterns we could be in, with us perhaps already being inside of bearish Elliot waves and deep into the last retracement before the strong leg. If we do not break the structure of the downtrned and start to sell, I think this would be one bull would be wise to keep out of the way of. Very interesting spot for puts.