SYY
was moving bearish before the miss but this is not looking good for them at all. This is not a dip buy opportunity but rather the opposite. This is an opportunity for puts as they pullback towards their 55.81 and then 47.2 supports. The market conditions should compound this problem as it pulls the index down, the panic from the miss and poor chart movement leading into additional selling and further failures of support. This is one of many reasons why 55.81 support is already toast and it doesn't even know it yet.