We’ve come back 690 pts from The Sep 19th all time high which came on the announcement that the Fed would keep printing money.
15658 – 14968
A buy the rumor, sell the fact bounce.
Cover shorts if you have shorts in place. 14,700 is the next really good support on the charts. That’s 200 to 300 pts more downside potential.
Money flow: Buy stocks sell gold….. followed by the reverse today , sell stocks buy gold.
Not a game for the faint of heart. Times like these it very important to use your stops to prevent large losses in the overnight markets.
CER