10+ points down is the 85.5 level.. Futures have a good 6 pts or so... probably fair value some sell off... we hit that level..

As I noted Fast money say "sell to 82"....

I didn't get much fear... too many people are convinced "we have bottomed"....

I'd say it's time for a bounce.... We have an ABC correction that I've drawn. The two contrarian plays are that this is the retest, and that we retest the low and fail....

This is not the Bull flag I was talking about. In a bull market Leading into earnings we sell off the week before, then go up as earnings come in...
Monday was the inflection point for some Mean reversion for options expiration. Unfortunately Mean reversion is back to 90.

After open our next inflection point is next monday/tuesday when bank earnings come out.