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Goes to show that the stock market is all about conditioning. Many people here tried to short the S&P in the last few years and they were crushed, these guys have now been replaced with permabulls who'd buy every single dip without giving a second thought about it, these people too, will be...

This is turning into a global stock market rout, I don't think any market is still higher YTD, the smart money who sold during the highs in Mar/Apr are not going to come back any time soon.

Looks like another gap and go day.

Looks like another round of pre-market margin call liquidation again. Deja Vu.

And predictably so, after yesterday's ugly reversal.

You know the bulls are in big trouble when stocks tank on days like this.

Epic pump and dump.

No chance the fed is going to hike, question is has the market already priced that in by now...

The volatility this morning at around 6am est was just spectacular.

June and July numbers were revised upwards by 44k, so the numbers are actually not that bad. Judging from the way the dollar is moving I think the fed might move this month, its still 50/50 at this point.

He can take comfort in the fact that 1867 is closer now, after today's bloodbath. Things will only get interesting when that level gives away, the bulls who bought all the way up during the dead cat bounce are going to panic, big time.

Hovering near session lows, I think the bears will smash this down in the final 30 mins.

The stock market has always been about conditioning, a bear market emerges when most people have been conditioned to buy the dips, only a small minority will escape with minimal losses or gains.

Well I guess diverse views are what makes a market. :)

Regardless of what the longer term trend is (which isn't exactly up now anyway), its safer to assume that there will be continuation in the short run, especially when momentum is so strong.

1867 is a long way down from current levels. The trend is currently down so that serves as a price magnet, and not a support now.

SPX 1940s rejected 3 times today, that was a clear signal to sell.

Desperately clinging on to the weak uptrend line from the crash lows, bear flag on the verge of breaking down.

I have bad news for him if this is a "retest" because we are 100 points away from the crash lows.

Appears to have been rejected by the huge SPX gap on 8/26, I think goes much lower if an attempt to fill that gap doesn't happen soon.