This move, now day 5, has been so orderly and precision targets that an 80 SPX drop from 4010 area should place the lows today at 3930 area. Will there be a day 6? Will we even close lower today? Strange that no one can answer because this move is so unpredictable. No capitulation, only readjustments. ONLY a bigger move than 80 SPX points will change the dynamics.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.