Readers of the financialtraders blog sent me emails asking what I think of this market. Some of them are from ET (sorry I cannot answer all of you individually via emails--but I have been answering a couple chosen "randomly"/based on topic). Here is my thinking which I have not posted yet. This afternoon's lower move was slow but systematic. This is indicative of systematic selling. With the bears and (the last?) bulls looking at each other's eye, a defeat of bulls is bringing the fast larger moves back to town. Tomorrow should be a critical day. If it sinks, the situation is clearer. If it goes up at open, I would be looking for a spot to short it, in anticipation of a red thursday. A possible trigger: June futures investors start closing their profitable longs because expiration is next week. What do you think? What would be the trigger?