S&p broken support...another drop and a close below 2040 its going down hard. Im seeing October 2014 lows coming....however every single time the market has fallen to these levels it props right back up.. tomorrow is critical ...also keep watch on IYT...if that goes to 52 week Lows in the next week or two watch out... Let's see where China heads. The Shanghai just went from bull market to bear market last nite.
Dow closed below 200 day moving average Dow down for the year Vix surging...under 12 to 17...its going to 30-40 S&p negative on the year Dow has 2nd worst day in 3 years.... NASDAQ back below 5000 China bear market Nothing like watching cnbc on a 350 point drop....can't wait to watch when Dow is breaking 17,000 and headed to October 2014 lows...... Margin calls around the world could be the name of the game in the days ahead.
Oh wait cnbc says market is flashing a buy signal....hmmmm already a buy signal...gotta love cnbc and how quick they are to say a bottom is in after a 220% 6 year old fed propped up stock market.
Rich Ross says buy buy buy...3 big rallies after the dip below 200 moving average the last few years.... He said fear is under control... Nothing like a bull on cnbc after a huge market sell off
As far as I am concerned this is still an uptrend, nothing fundamentally changed, so I buy oversold on 240m chart.
I know what's going to happen tomorrow ....markets gap down at the open and surge 12 minutes after the markets open regaining back 1/2 the losses the markets had today....buy buy buy haha