Range bound market cycling lower indicates further sell-off to come "BUT"
some very significant time cycle points and other extremes were made on 11-13 Thur. The benefit of the doubt should be given to the trend which is absolutely Bear Market Major! SPY needs to close above ~98 or 980 S&P cash for anything other than that to be the truth. Rydex accounts are long currently anticipating early entry into a violent bear rally but may switch to flat or short without notice.