• Although more bearish than yesterday, I'm still neutral to bearish. This down leg shows little sign of stopping.
  
• We closed below yesterday's low but a rebound will come in the very near-term (not expecting anything big)
• The markets are very fragile and is easily spooked right now.
• If we close below today's low (SPY $125.28) look for a drop to $124.
• As long as we close above $1.75 (now) I am still bullish on XING