Ramie 12:55 pm on Monday, October 29, 2018

High volume plunge, higher volume bounce at 3:45

UVXY pulling back 4 points in the last 10 minutes. FANG stocks well off their lows.

hcgdavis 2:12 pm on Monday, October 29, 2018

The talking heads were saying a bottom should be in. I did not see the market until 1500, that did not look like a bottom but the bounce maybe…….
- Ramie 2:34 pm on Monday, October 29, 2018
  
  Hard to know but the end of day looked different than the last 5 or so trading days. 15 minute chart on the SPY from 10/22 through today’s close. That coupled with a pretty big pullback in volatility might support this being a bottom. It won’t be long until we find out for sure!
  - Jeff 6:06 am on Tuesday, October 30, 2018
    
    I say no… not enough panic, and not low enough yet. Carter Worth last night had a great chart saying a move to 2500 would bring us to the middle of a long term channel, and that 2300 would be the bottom of it, and also a perfectly normal correction for a bull market.

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