Low Tick

The lights go out and I can't be saved
Tides that I tried to swim against
Have brought me down upon my knees
Oh I beg, I beg and plead
--Coldplay

US equity markets close on the low tick, down over 1.5%. Of course, a couple of down days does not a trend change make. Bulls are sure to take a stand.

Bears will be looking for increased selling pressure from bulls who choose to turn tail.

Obvious maginot below is SPX 2000ish. It has served as support multi times over past few months. Also corresponds to 200 day moving avg.

position in SPX