On Dec 12 I had in 2 charts pointed out a potential route to a squeeze or a breakdown. We got the latter. Here we are bouncing of some fib support. Question is, do we continue lower sub 2600 or higher. Given how whippy the market has been, I am just going to say that as long as it stay below 2652 or so, better to look for short opportunities. There are targets below around the 2530 area. One step at a time. For now, 2583 is the line in the sand.