I got the 200 day moving average turning point from SyHardingBlog.com. I think tomorrow we'll recover some of today's losses, but not all of it. Some people will think this is just a dip and will buy. You bears should allow the market to turn back up. That way you can get maximum benefit, plus allow some of us longs to recover something.
Remember the futures drift higher just about every night. This nasty sell off can be cured with a few thousand lots at 2:00am. Everyone knows the jobs number is going to come in better than expected. If you sold today you will be buying tomorrow.
Yep, ES now @ 906.00 I knew it. Now watch the overnight session. Todays losses will be made up overnight. It's all rigged to the upside. This was your dip should have bought.
Mark my words the US index futures will float higher overnight. You will wake up in the morning and say damm I should have bought yesterday.