SPY breaking important support

 Here's the recent trend line for what I would term as the October rally top.

Here's the SPY breaking below it on volume.

The SPY is down nearly 4% today and this may just continue. I would encourage you to re-read last night's post, take a longer view of the markets and be realistic about what a bear market looks like and how it trades, remember, typically you have more up days then down days in a bear market, the down days like today, are just much worse then the up days, but you should not think that the market will simply fall straight down, no bear market has ever done that. So keep your eye on the trend and the important changes taking place and try to get use to a little ambiguity in the market, if you an't tolerate ambiguity, you can't trade.