In any case, failed breakout on the intraday chart, expecting a down day Monday. Market will continue to set new lows before bouncing up.
Might be room for one more down day before the Fed meeting though, or at least a big gap down.
People are really counting on the Feds to change market direction. I expect the rally to be very short lived, $265 gap close on SPY.
Almost guaranteed at this point that the market will go down on Friday. Retail investors are gonna cash out before Christmas break, dump their mutual funds and 401k. Mutual fund selloff always happen on Fridays and Mondays.
If the market goes up tomorrow, I'm buying puts at the end of the day. Probably XRT puts since I expect NKE earnings to tank retail.