sp'5min
Summary
Kinda bizarre to keep in mind how a 7/8pt decline on the SP' looks like a mini-crash.
It really has come to the point where declines of 0.5% look dramatic.
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*did you notice the new bloomberg lunch time show? I sure miss Tom Keane....pure econ/market-chat.. now that was a lunch time show worth watching.
..maybe I'm just the last one watching the clown finance TV anyway....the irony.
1.14pm...5 waves about complete...no turn..yet...but its a pretty clear 5 waves
Market should comfortably hold the 1670 level, which is what the hourly index charts are saying is a floor anyway.
1.21pm...a classic spike-floor..just put in.
Bears look...done.