A sizable gap down, nearly to S2 on strongly negative TICK. Declining issues outpacing Advancing by somewhere over 2:1.
Notice how price breaks down from the opening range (white horizontal dots) and pulls back to test that range, giving a good opportunity to go short (given a suspected trend day). A strategy to look at is shorting those "pullbacks" in TICK to above the zero line. It's a similar strategy to waiting for price to retrace to the 20-EMA after falling out of the keltner channel, but in this situation price didn't quite make it that far, so watch the TICK for opportune moments.
Price based around S3 for the rest of the afternoon, while getting a final push down, keeping it below the important 900 level. This s3 level coincided with a previous chop zone, as you can see from this 30-min chart highlighted in blue.
Looking at the daily chart looks pretty telling. It looks as though we aren't going to get that "Golden Cross" and if $88 doesn't hold things are going to get bloody.
Today's degenerate gambler play for end of day was TZA. I look to TZA/TNA in the last 30-min just in case we get a surge going into the close. Such was the case after breaking through previous resistance. 
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