No doubt some crazed, angry bulls will try to buy here, but it's one hell of an upward struggle after all this technical damage. What's interesting though is how little panic--if any--has come into this market--come on 10 to 1 in favor of downside and TRIN closes at 2.31--yeah a little elevated but disproportionately complacent to the collapse in breadth, which means we are going lower. My target for SPX at the moment is 1789.9--but greater bearish potential exist if these dip-buyers continue. We have to follow the pattern and its development. In the meantime we go lower. GL