2:45pm EDT: I’m not sure whether or not we’re bouncing into the close but it seems we’ve painted a floor for today at least:
I would keep my eye on that diagonal support line which I pointed out yesterday already. At some point it should become the basis of a fourth wave bounce to the upside.
3:53pm EDT: We need a clean up on isle 5 please!!!
NOT looking good for those bulls right now – the SPX might fall of the shelf here any second.