Hedging the downturn...
The market is due for a correction since the multi-year rally has run its course. While this has began to surface as the market slid last week, we will see more selling as the weeks continue. A look above shows that the VIX index has just turned the key and will be firing all cylinders as the market goes down. Weekly, medium-term resistance levels are 15.37 and 23.62.

The SPY is looking at a major test this coming week. If we hold the 129.12, we might see a rebound. This is supported by the RSI reaching the adjusted lower level @ 45. Yet, considering the VIX chart and current market sentiment, we will probably see prices break down past these support levels.  ¶ 7:45:00 PM