Lets take a ride with the S&P500

The mother of all indicators of overall market health is the SP500. The market has finally retraced to the .618 levels after the initial market drop during Feb and March, now what? The formation and reaction to this pattern tells us that we are probably going to be heading down for a larger fall than I have indicated for our first target. We could see a continuation of the sentiment that originally drove the market south a couple months ago starting now. This trade gives us a great risk reward and can be taken with a short trade in the futures market, of the SPY etf or by taking a LONG trade with the inverse etfs: SH, SDS or SPXU (depending on your risk tolerance)