sp'60min
sp'daily5
Summary
Its starting to get to bear apocolypse levels now. Way worse than even the deluded bull maniacs could have hoped for. Dow, Sp' new cycle highs. All thats missing is a new cycle low on the VIX, and index highs on the Transports and Rus'2000.
If we are around these levels by next Tuesday, the broader bearish case is...out. With the action as it is, it seems highly unlikely we'll get any kind of reversal until after the next FOMC.
If Bernanke wants sp'1500 pre-election...all he has to do is s small QE3 next Wednesday.
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A lot of trading accounts are going up in flames today....