A fragile market…

Crash

Screen Shot 2018-10-10 at 10.52.59 PMWe need to see China stabilize and tech and semiconductors recover to get some upside traction.  Bullish options sentiment on SPY …but nothing significant on the long side of the Russell.  Auction Market Process Theory:  downside conviction begets continuation.  With sentiment sour and little short-selling …no quick fix ahead.