So today is a teachable moment of how extremely short term oversold a market can get.
The 50 sma is at 4341 and if the market opens at the futures price right now it's 4119.
That's over 200 S&P points.
Conversation
How low do you see the S and P going today? Do we expect a bounce today?
Yes but these are extreme circumstances correct? Normal last time when we hit 422 we aggressively bounced back before getting this bad