We had a trifecta with the tech earnings, and the Nikkei is down 2+% so far, so it is safe to say we are going to gap down 60+points, and fall a little more from there....
gap down up all day, if it happens I say we squeeze to new highs, who knows from there (double top maybe??)
I can't remember the last time I saw a V-top. Lots of V-bottoms, but never V-tops. If this market really is going to sell off, I imagine we need to test the highs a few more times. My guess is we bounce hard on this tomorrow. But probably selloff hard the first 30 minutes to an hour.