A break on the S&P 500 below last weeks low would likely generate enough fear to get us a swoosh lower. I believe that swoosh lower could be bought for a trade through the beginning of December. The market is oversold and heading into a strong seasonal period. One last push down would likely get sentiment into neutral territory allowing for a modest rally.
I don't believe this is a great opportunity but I likely would put on a small trade were I not headed on vacation.