It was just a week ago when our analysis suggested that the price of popular equity indexes was peaking. We thought the bullish swing move was largely done, and one should close out their bullish index trades. At the same time, we thought there was a decent possibility that prices would inch up a bit as the last of the bulls were pulled into a trap. As it turns out, that inch did not play out and equity prices got smashed to smithereens. The question now is, "what's next?"
