STOPS HIT IN ES!!!!!!!!!!!!!!! I REPEAT, STOPS WERE HIT IN ES (below 1006). And so it begins. Rally time.
I also think next week could get real ugly. that little head fake friday afternoon was pretty bearish but if we can hold 102.20 or so tomorrow morning it could perhaps rally up to 106 before earnings announcements. But more than likely I see us breaking 102, pretty much heading straight for and then through 100 and trying to find support at 980, which i doubt we do, and perhaps will see 920 this week. Tomorrow should be interesting, and anyone looking for a crash should be looking to play options. A good strategy on .vix options could make 50x over the next month, if you role july's profits into august options when, supposedly, the big crash is coming, if it is coming. Then again, we'll probably be at 1200 after earnings.