I'm confident in further declines this week, but I'm not confident either way on the open.
So I'm basically going big short as soon as it opens. At the moment I'm a little short.
I don't have a solid selling point in mind. Maybe at some Armstrong targets, one is like 17300, and the other one is around 17,800 (for the DOW). The time will also be important. I trade SPX because it's easier.
I probably won't bank on a turnaround at that lower line where it turned around on Friday. That was just a dead cat bounce. I will probably look for 2-3 half hour blocks at a steady price to guess that it might be turning around.
If it hits the upper line that I posted about previously (connects highs 8-15, 9-7, 9-22, and others), I might even go all in. It broke that upper line for about 2 hours intraday once. That line has been rock steady, while the support lines look like they are about to give.
I will certainly post when I sell.
If it opens lower, I suppose I'll go short, but not huge.