Of course it's not possible to know what the market is going to do next, but you do need to know what your going to do next regardless of if the market goes up or down.  The current market is unforgiving and it requires patience and discipline to survive. Now on to our next trade. The S&P 500 is a little over bought short term; although it's over sold longer term. So we will shorted 1287.25 with a single contract. We will look for a quick 4-5 points of profit in the next day or two. A limit order of 1284.25 was placed in the market to cover.