1. Less Likely: Continuation of the bull run that started early March 2009.
2. Likely: Market sells off more despite being very over sold, until it dramatically crashes down to SPX 950-900.
3. More Likely: A rally back to SPX 1120-1150 over the course of next two weeks and then declining back to retest last week lows, SPX 1070- 1050.
I like 2.
Disclaimer: The views expressed are provided for information purposes only and should not be construed in any way as investment advice. Furthermore, the opinions expressed may change without notice.