Quote from joneog:
dont feel bad, I didnt pull the trigger at 45.50... now i just have to watch
this setup feels a bit similar to flash crash: big sell-off early followed by a big snap-back rally mid-day which failed. Only difference is we're not seeing a scary down move in the risk crosses (eur/jpy, eur/chf, aud/usd etc) and people rioting in the streets on tv.
Bulls need this thing to get back green soon or the last 3 hours will be dicey. The fact that the VIX hasn't spiked yet is kind of worrying too IMO