Option Investor
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If you want to see what it looks like to have the bears in the driver's seat with absolutely NO doubt about it take a look at the chart of the internals.

All internals in sync and all very bearish. So if you are hoping the bulls will pull the rabbit out of the hat in the final hour and rally this market I do believe you will be sorely disappointed.

You don't see days like very often and for those of us who still have bear call spreads it is a very welcome site.

I did buy some SPY puts because I think this drop has the potential to last more than just a few days. I think the SPX has a very good chance of reaching at least 800.

[Image 1]

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