Will the SPX Roll Over?

Judging by the futures, the open today doesn't look pretty. Here's the SPX:

If we break and hold below 1812, things could get ugly. And fast. The next real stop isn't until the 1765 area, and then not again until the 1733 area. As you can see, there's quite a bit of air underneath 1812. To me if we don't V bottom out of there than we have entered a Bear Market.

If this becomes a Bear Market, sell-the-rips becomes the strategy. Any short term rally should be sold.

Depending on the price action today, I would like to possibly get short both bonds (TLT) and the SPY. We'll see.