Last nigh I had mentioned that it remained to be seen whether or not the o/n low would hold. We did get a retest as desired bin the cash session but they kept selling and Es was in a free fall in the last 30 minutes. Almost feels like when you are underwater and gasping for air, the moment you come up for a breather you are smacked down again. We hit the 200Wkly SMA. The same way the bulls were trained to BTFD, now it is the turn of the bears. Every pop is sold until one day it will continue to rally. On Wednesday perhaps a touch of the 2330-35 area and then a bounce to the 2370 area and then another push down to the 2270-85 area where I think this downtrend will likely come to a temporary pause. Again, not gonna get ahead of myself, it is one level at a time. Merry Christmas to all.