Probably not a bear market, but possibly a correction? 10 % down takes us to 4750. Let's see if you keep your name by end of day or not.
And they ALL entered short again below 5270. Just look at that plunge. I guess you and your permabull buddies need to be looking for a day job soon. LOL
Momentum and selling slowed down. Assuming it's a bottom for now - going back to yesterday's low at least. 10 year note auction coming up in 9 minutes. Could be a market mover.
Could be a roller coaster, but the V is cancelled for now for sure. Seems like that 10 year note auction was shit. FOMC minutes coming out in an hour, too. I was lucky to net 3 points today after trading only the last 20 minutes and I'm calling it a day here. The long side seems risky and I'm not a fan of shorting after a 100 point drop either. Good luck all and remember to wear protection.
4.56 with a 2.3 bid to cover. So minimally less enthusiasm from participants even at the higher rate.