Well, this week might be getting really good!

QQQ as I mentioned already dropped two standard deviations. USUALLY that is time to reel the market back in. It almost never breaks 2 deviations to the upside or downside for the week. We are right there on QQQ. On SPY.. the blue line is 2 standard deviations. Again, we break that.. things are getting good! Good as in we may just be going for a total melt off. See what happens the rest of the week. What I can tell you, outside of this week... things are looking awesome for the downside. The banks are showing no sign of being bullish at all on the market. This is getting really awesome. Lets see if we do, do a 2020 style drop. I really dont think we do. I think its going to take months of down before we bottom sometime a few months down the road but looking at futures tonight, we may just keep dropping the rest of this week. See what things look like tomorrow. Nothing to be bullish about here though. Nothing. Your downside is so large and your upside is so minimal.