Ray covered scenario planning yesterday and it couldn't be more applicable than today's markets.
http://tradingsuccess.com/blog/the-m...nning-313.html
The SP500 is back in the extreme zones of the upper and lower ranges. The graphic makes for a simple looking plan. If there's acceptance above 1406 than I'd be looking for the upper range to be back in control. If it gets rejected back down below 1384 then the lower range is in control. Sounds simple but it won't work out this way.
