*closing hour action: increasing significant weakness... breaking a new intra low of 2071 - 28pts (1.4% from the lunch time high).
Notably holding the rising trend/support from the 2033/39 lows.
Well, that was one hell of a twisted day.. and without question it remains a NASTY market.
The gap zone of sp'2065/61 looks a viable target into the weekly/monthly close. Yet.. that will be small consolation to the equity bears after recent price action.
Have a good evening.. especially to those watching 'the big short'.
*awaiting earnings from AMZN...
4.13pm.. AMZN earnings much better than the market expected... with the stock +11% in the $670s.
Ironically.. its notable that even with EPS of just over $1 for Q1.. if you x4.. then gives $4 a year, making a PE of around 150/160.
What a bargain huh?
more later... on the VIX