“We could fill an entire note with indicator extremes and statistics. Perhaps the most remarkable is the Dow Jones Composite took just ten trading days to go from a 52-week high to a 52-week low. That is by far the fastest on record going back to the 1930s.” - @jkrinskypga 
There has been enough “downside exhaustion to suggest a reflex rally should occur. How far and how long that lasts, however, is going to need to be monitored on a day to day basis. Our sense is any relief rally this week is likely to stall around the 3,200 level.” @jkrinskypga
AREAS TO WATCH, per Baycrest Research:
* 2825 (August lows)
* 2790 (volume based support)
* 2730 (volume based support)
“To get an actual -20% decline on a closing basis, something that we haven’t had since the 2009 lows, the SPX would need to close below 2708.” @jkrinskypga
* 2825 (August lows)
* 2790 (volume based support)
* 2730 (volume based support)
“To get an actual -20% decline on a closing basis, something that we haven’t had since the 2009 lows, the SPX would need to close below 2708.” @jkrinskypga
