Forgot to post this yesterday, but we have been in this trade since Friday with some puts trying to ride this market during this large pullback. I am still going to post this because even with this bounce today I still think it has more room to fall.
Last week there was a huge turning point in momentum and the selling volume
started to pick up. With the signs of the overall market weakening we decided to go bearish
. We will ride this trade until the short term trend is broken on the 15minute/30minute candles.
Best of luck!