Maybe 10 has to break first I was thinking maybe 9800 support will hold if 10 falls, but the market is such a rigged joke even the greatest technicians are getting lots of false signals either way. My range for the market this year represents the volatility, wide range from 8250 low end to 12500+ high end.
This short term plunge, is based on the dollar bubble. The truth is, this might be the last Howrah for the dollar before it falls off the cliff.
Lots of noise on TV, bunch of bears lighting matches in a firecracker factory. Should buy when the pessimism is like this and sell when the optimism is at its height.
Now since no uptick rule, Its very easy for them to plunge when they want. The other week the chart was showing a confirmation of a reversal up. That didn't stop them from plunging more, tough market we are in but its the beginning innings of what will be a huge bull market in the years to come. At first Inflation will bring the dow back up to test previous highs then looking for growth in the next decade to do the rest.