A gap down into the 200 day moving average. A strong volatile bounce that sees 3095 before crashing back lower into the close.
Intense selling and intimidating price action continues.
Well below the lower extreme of the channel and now eying up the October lows.
50+ swings are the new normal as everyone heads for the exits.
Below 3046 is a Bear Market Warning.
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Disclaimer: This is the diary of a personal trading system, its methodology and the signals that it is producing. You are welcome to follow along but please understand that the information presented here is for educational purposes only. No recommendations are being made to buy, or sell stocks, options or futures contracts. Please consult your own financial advisor before making any investment decisions.