Bigworld, I haven't followed the news flow closely today, but it looked like the PPT may have stepped in ~ 2:00 (?) Just a guess, but I doubt the Fed wants to see a flat out crash, and that's where this could conceivably be heading. Other countries have also been watching the Trump clown show, but are no longer laughing. The risk of a market panic is increasing. Personally, I wouldn't be trading this market, unless it's a very short holding period, like a 1 or 2 day trade.
If this was last year, I'd be all over this market on the long side. Buying the dip would have been a no brainer for sure. But this year, forget it, unless Trump decides to sincerely back off on his mega tariff plans, but that seems very unlikely. He softens his verbiage briefly, then quickly reverses, so no one can trust anything he says.
What also keeps me out of this market is that economic numbers will increasingly be deteriortating from here on out. Last year we had the 'Fed Put', and the 'Election Put', which made 'buy the dip' an easy and logical strategy. Now the monthly data / numbers will be stacked against the stock market, at least for the next 6 months or so. The 'data' deterioration is only just beginning, so a good time to be on the sidelines imo. A trade for a day or two might make sense, but you'll need to be fast on the draw. I doubt stubbornness will be rewarded in the current market.
---
Market Data 
Markets 
AI
