Well, wow I just don't believe it. Where is my V? No words. I guess all you can do is wait for the magical overnight futures to restart the pump again. But for the first time I have to own a terrible call. Yikes
Yeah today sure is ugly, but I'll assume it will still hold support for the week at 517 and start the V, or the climb. Have to still assume once the carnage ends today the V force will kick in, after all after some intense hours of selling it can't be sustainable.
Tomorrow. As shocking as that was I'd be more nervous to be short or hold puts tonight. The market always magically recovers and you know they are still gonna try and crush all those put gains. Nice 3:50 spike, it still has the ability to just rip $5 in seconds because it can. 1 day isn't going to be the end of the world. Just forget about today and start again climbing tomorrow.
OMG!!! The sky is falling! It's the end of the world! But then again, weren't we all giddy with uncontrollable euphoria back in October when the market was making daily highs, which is about where we are now?