Below is a chart of the E-mini NASDAQ-100. The day started with a 40+ point climb, but immediately after the "new bailout bill" passed all of that was given back...and then some. After some volatile chop, the downtrend resumed with another 60+ point drop from the pullback. Price took out yesterday's low, and closed near the low of the day.
No doubt this will have some calling for "
Black Monday". It is October, so nothing would surprise me. Overall the action is very bearish.
But who knows - we could catch Osama bin Laden this weekend!
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