I got yesterday completely wrong. I was looking for a bounce but it never came. We just continued to have steady selling all day long, and we still never had a capitulation move. This Friday (or Monday) is where the low is expected to be, but I have no idea what the price will be at? We are at support, but continue to go down steady, so for all I know we could crash into this Friday/
It's really unknown at this point. I had a FP on the SPY of 533.01 from last year, so maybe that's the target? And I had those crazy one's from the Yahoo site at the 483 zone. I mean, those are crazy levels to even think but until we get some type of massive drop to get the capitulation volume this market can continue to grind lower.
Have a blessed day.
