Things do not look good for the market today.
But the drop that started after Labor day has been organized and there have been big bounces for traders to take advantage of.
Conversation
What do you make of JCS announcement today?
3.50 divvy if held to Sept 30th, current price in the low 8's, paid on Oct 15th
Too good to be true?
No Vix spike yet. Retest of yesterdays lows. Hail Mary rally as Inger referred to could play out. They are well aware of a drop to 50 day may set up trap door algo exit.
DO you forsee a bounce coming tomorrow. It looks like SPY is heading towards resistance on your system