Bearish

If the market cannot hold 116475 we should trade down to 114475. I feel that this will happen because this market is reaching a breaking point and the VIX is proof of this. When the VIX pops this hard and fast this usually means correction or change in trend. I believe that a change in trend could very easily be happening. I will be more of a believer if we trade below the 50 day m.a (116725) for more than 2 weeks. This will force most of the longs out of the market and give the power back to the shorts. I am selling rallies until they violate 116725.