You wanna see bearish charts? : D
There you go:
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh8INp4vKxME95jHPL4nHa7xmTPZvGE0y392WXs6tXXU89e90C75xQWQV4p0ToVKM0JQj5aw1NjccwZPQ6JIjAU_6LHYNtDJCDZCfPPEbeJO8JXkZowC6L97xoiWb2w4nugM9wttexYfhY/s320/s&p500fractal05042010a.jpg)
There are also EW counts that allow for such a sell off down to below 1100 within a few weeks. Gonna post them after the close today.
The bullish option is still valid btw. I hope we can determine tonight which count is the more likely one (I tend to the bearish one though...).