![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj0_Zw4qjvYaPeCFSsM_wtPZ5WKI8ktu2eVCNOygjpqMXW7gXw-t6-k1Z9DNTtKK9ltrFa9A5z-HTwvQFfJ9tcm5564fQL9n2N2sRyUy5MoR5c9A93UkteecjJAuZ2RvFWaX4aqUL-2CDmb/s320/count0923.png)
So we got a close under 1127 like I was speculating yesterday and now it's time to see if this is a correction to the Fib trace of the entire rally or the beginning of a strong sell off. The key to this is probably how this current wave behaves. If the bears are lucky, the wave I have labeled as "C" is a W3. But if the rally to the 1250 area is real then we'll see the market find support in the 1090-1100 area. I will be adjusting my stops as we go down to the Fib retrace area. Today I was day trading SDS on margin and got in at 1133 before the sell off in the last hour, so I am holding that still just in case it goes to 1000 :)
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