Going Down

I'm sick and tired of you setting me up
Setting me up just to knocka, knocka, knocka me down
--Bruce Springsteen

The Fed raised rates for the first time in a decade on Wed and the market rallied a percent and a half. Yesterday, the SPX gave back those gains with an 'outside day.'

Today we're seeing follow thru to the downside with another -1%+ midday.

SPX now faces the 2000ish Maginot where it should find some intuitive support. If not...

position in SPX