The expected move in the SPDR S&P 500 fund into Friday is playable here.
Will a lower S&P wash away the confidence? Let's look under the hood -- and check in on gold while we're at it.
Big tech reports are landing, and we are in for some rough trading over the next few days.
In plain speak, they ran for the exits on Wednesday, This week has been a period of intense institutional distribution.
So let's see what's likely if the indexes keep sliding all the way to Nov. 3. (Hint: It still doesn't mean we'll find a 2016 setup.)
We are about to come to a crossroads with mounting fear -- a moment when the fear will dissolve away, or a new level of worry will take hold causing panic.
We should see a short-term oversold rally -- but here's what has me concerned.
It wasn't that long ago that seeing the indexes down like this would have given us a bit of the jitters. Let's see how the market reacted to Monday's dip.
We may get a short-term volatility pop into VIX expiration on Wednesday.
We're ever-so-slowly seeing a move away from a market that rewards mega-cap tech only. But after examining the key indicators, here's what gives me pause.