As noted at the end of last week, I have positioned myself for a bounce. However, these plays are short term and I will use the bounce to deploy a number of short play. Here is the plan for the S&P. This chart annotes SDS, the inverse S&P short ETF. Looking at the S&P from an inverted perspective, via SDS, it’s obvious that the bears are in control and strategic shorting is the best way to play this market.