angle of decent of spx too severe, in the past your projection would be correct. spx will break that little flag and go lower. mojo of 2013 is gone and big buyers are big sellers. that said i did buy some xiv. but short positions in dia and spy remain large. If you are correct and we do bounce, we will still fall in to test 1700 and 1650. Your must hold line is appropriate. thank you for posting.