S&P Weekly 9 Sell Setup

We opened right at weekly/daily DeMark range projection targets and now have unperfected weekly 9 sell setups.

Downside target this week is 434 on SPY if sell setups continue to play out and upside moves get faded.

As of the last post, I was quite bullish on rates and oil. It looks like there is some short-term exhaustion on the bonds as those plays wor…