I kept thinking that there was a head and shoulders patter developing that would allow for many days worth of nice day-tradable down days...but nooo...the a-holes had to snatch it all away inside of thirty minutes. I was expecting the nearby to come down and meet the lower out months but the nearby moved less than the outs. That the out months moved the most makes me think the price is to continue down overall...but what the hell do I know?

The horizontal line has a hit on it back in dec of 11 and a near hit in May of 12 and could offer support for this latest downdraft. Tomorrow, if price holds the range set by yesterday and today we may get a retracement of some degree. However, if price breaks the last two days series of lows...check the line...if that lets go tomorrow, the odds are it's a full blown sell that may not stop until appx. 1050 ish.

Count on those sneaky a-holes to suck the rest of a good tradable down move out in a 30 minute, 11am, move from hell on the last day before a three day weekend...just so nobody can benefit from a nice slide lower.

I have to say the red down stick depicted in the chart is unlikely but I would not be surprised...we will see tomorrow what the a-holes decide to do.