As we reported in Chuppy Charts

Bed Bath & Beyond warns it may go out of business, stock tanks to lowest levels in 30 years

The Company continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the Company’s business activities and strategic initiatives, or selling assets, other strategic transactions and/or other measures, including obtaining relief under the U.S. Bankruptcy Code,” Bed Bath & Beyond said in a statement.

As we warned this morning, SPY had a down day.  Still clinging to 380, stochastics and CCI are not looking good.