Trading technically, we should be good for at least a bounce here. If someone wants to sell this, though, all bets are off and we could easily drop much more.
There's an open gap below @ 4360 that's not fully closed. Might be the target for this leg down in RTH this week. EDIT: The last drop prior to this was 130 points top to bottom. Prior to that 160 points. We're beyond that now at 180 points top to bottom. Unless we're actually seeing continuation lower and a trend reversal - we should at least get a weak bounce from this area. Maybe 60. Still a bag holder, but will probably start looking for a way out.
Not a buyer in sight so far... 1.57 % down here from Friday's Close @ 4350. Under normal conditions we should have bounced hard by now, but if shit hits the fans, there's more to go for sure...
Just watching for now. I had monthly sell signals going into this month and seem to be playing out now -- I kinda forgot about my monthly charts last week.
The last time we opened down > 50 points on a Monday was the 19th of July and we saw continuation lower on the Open through the Close. Similar prior days have seen larger swings on the Open. This seems overdone at this point, but I suppose the same point could be argued against this bull market, too. Caught on the wrong side of the market today. No doubt about it. Maybe I'll get lucky and can take a smaller loss, but it's not looking pretty. Fortunately, it's only one contract and I had a good week last week, so it's not going to hurt that bad anyway.
Not so sure, with the fundamental risks on China side, hanging 3.5 bill infra bill and debt ceiling politics. Nevertheless I went long at 4365 and 4347 and no stop at the moment. Got out of productive vix longs. Vvix appears to be losing steam. Hope what you say about overdone turns out true.
Let's see if someone decided this was low enough in one go. DB potential. Where the hell did the dip buyers go? Where's Chilibean?