Morning Analysis

Well we have just about the most obvious short setup you can get right here.  5 waves down, 3 waves up.  The target box includes the C = A target at 825, the trading range low prior to the large candle down, and the 62% retrace.  If we open here we may take back part of the gap on the cash index.

All good goals for a proper wave ii bounce.  5 minute chart is showing some divergence.  I've put an offer to sell in my personal account, and I'm hoping this hangs on so I can take the setup in the prop account and make up for yesterday.  Buying the VIX here may not be a bad idea if you really want to go for broke.