There were those that were going to sell today cause they did not want to go long. Once the selling started the herd mentality of those waiting to sell took over. Everyone want to get the best sell without chasing it down. So i believe this was a correction and what is left are those now that are long - at least into next week. i believe we are at base for the day and will steadily recover. it would be nice if we end higher than we started.
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.