Editors Note:

This was the first real market decline since June 24th. Futures are negative suggesting it could continue on Wednesday but we know that could reverse at any time. The markets are still overbought and I would prefer not to add new long plays until we see if a bottom is going to appear. Adding new shorts in potential gap down market is also dangerous. I am not adding any new plays today and review the setup on Wednesday. I am looking for a buying opportunity but I do not think today was it.

No New Bullish Plays

No New Bearish Plays