Sure looks like some technical damage today. Rolling my covered put out and down for a nice credit. Selling it about where the descending 20ma could be when we bounce. Raising basis AND increasing downside profit potential. Still have the option of rolling the put up for additional credit on any rally.

Bought to close /ES OCT 16 (Wk3) 2155 PUT @ 34.50
Sold /ES NOV 16 (Wk3) 2140 PUT @ 44.50

The short emini basis is now up to 2189.0 after selling some earlier weekly puts against it. That’s the new breakeven against the new 2140 put so max gain is now up to 49 points to the downside.