My best trading experiences were in the midst of a nasty bear market. I love bear markets. I've mused the last few years that when the bear market finally comes we will have plenty of time to trade for it.
If we break support, $SPY could be setting up for a move to $145 or lower.
This will offer some awesome trade opps via PUTs. How crazy could it get? It could get very Cray Cray....
Stocks that have been impervious to downside will fall fast and furious.
Here are some of my wild predictions if we enter a bear market in 2016. Cray Cray Cray..... all hypothetical of course. But bull markets take the stairs up and the elevator down. These are all elevator down moves.