- Today's action is getting scary for some people
- It's being blamed on Evergrande however this is a catalyst rich environment
- When markets decline hard like this it could trigger some other negative catalysts
- Sharp objects won't take much to prick bubbles
- Internals today are terrible and even if there is a bounce in the next few days the damage is severe
- The Factor Monitor and PPO monitor are important to check out today
- FXI and Hang Seng have new DeMark buy Countdown 13's however wait for price flips and stability
- Update on the SPY and QQQ put spreads I recommended on August 27th
- Stay defensive