The pattern of zigging and zagging, all the while taking forever to get its ass back up, should not bode well for the bulls. It tends to leave a bad aftertaste.
There's a real danger for this market to swoon if we don't get a decent bounce within the next 15 minutes. Obviously, bulls are acting like sissies today.
It's far too early to say that we've bottomed for the day but S&P futures is now trading near 1400 and there should be some stiff resistance to any further slide..
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