F saw sustained weakness this week against flat/bullish dip-buying in SPX
. Sentiment divergence is NOT bullish
. F closed at prior structure lows and at the end of the prior moves range. I rolled down to 10.5 PUTS on fears of a pause here and will look to add more on a bounce off of current structure lows. If 10.90 breaks though, watch out for a swift move lower towards 10.75 and 10.50.