Friday we saw a sharp short sell rally bounce after we got clearly over extended with last weeks sell off. I would look for a bounce off of the 284 area on the SPY marked off on Fridays low, looking for a potential retest at some point in the future perhaps in the next several weeks. I wouldn't be a buyer here for anything longer than a day trade, as we may likely test the lows after the short lived rally bounce. Good Trading!
