Of course it means my double top scenario has taken a torpedo to the magazine case... a direct hit. Never mind, I'll keep my guru robes in the bottom drawer just in case I get a market call right one day. I should have just taken the Abbey Joseph Cohen line and basked in my correctness.
This also means the VIX will sink below the 23% water line, in fact has already closed below yesterday.
Man the lifeboats and board the good ship PollyAnna LOL. I give up, I'm turning bullish.
(Which could just be a great sell signal).
However, worry not for my finances. Realizing how crap I am at market calls, I continue to be delta neutral on the indexes. All this stuff is for amusement only.
I love options :).