About two months worth of rising stock market prices ripe away in less than two weeks. That's what being too extremely overbought for quite a long time can do. For the short term we could seen a rally back up toward SP500 1150 and then back down to retest (and likely probe lower) the low of yesterday 1065. An alternative scenario would be retest of the lows first before moving higher.
Unless this is a renewal of a long term bear market...which is in doubt... most indication is to look for a medium term bottom first within 2 to 3 weeks.
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