last comment, when I can I watch spy time and sales for hours on end, probably watched about 20 hrs of tape last week. You can learn alot from just watching the tape. Bears have been completely in control over the past week, charts just summarize the data points but the tape tells the story, good trading.
If you measure the move of morning plunge to the one we're going through, you would end up exactly at 1425.
third target hit and filled for basically 10:1 reward to risk at 743.50 ... now flat and sitting on hands.
alright we have approached the zone.. now waiting for confirmation on the 15min chart and watching the order flow for confirmation. If it blows past 1420 the trade is negated.