We were anticipating a downside in the market this week off the back of the Jackson Hole Symposium. We wanted to see SPY tag the 397/398 area based on market maker positioning and we were spot on, holding shorts from 428 area on the SPY. The expectation was a little pop and another failure to close the week which we saw midweek before the bears held out under 400. Our futures areas this week for trade targeted 3975 to the downside as the first and main target, which we exceeded by 75 points.