That's what is going down tomorrow. Mark it down boys, its going to be UGLY. Get out while you still can, better to lose a leg or two rather than your life...
The real ugly will be on Friday's PCE number if it shows yet more inflation, especially in light of the Fed hike decision being just 3 trading days later. Anything before then is just earnings noise. And we're gonna' have a lot of it.
I really don't think so but we are still under the red cloud of ichomuko for the daily but everywhere else it is green.