Friday after the close

Another ugly day on the SPX as we started to really selloff going into the close, down $55.43 at the

$2588.26 level and now getting close to breaking below our previous low of $2532.69 level. Odds 

continue to support a large 4th wave correction with us now in the "C" wave lower. The trend remains

bearish.

On the daily chart all indicators remain on full sells and now have entered into over-sold

territory. We also closed beneath the expanding Bollinger bands again.