Break through lower trend line invites a revisit to the lows around 8k. Nothing is a given with this market, however the overseas markets are awash in red and the futures are all pointing lower. The NASDAQ & SPX are all at levels where I don’t even see support, so things should be interesting.
Bottom line…This market will not bottom until there is massive capitulation (hey…haven’t heard that word in the media lately) and volume will have to be over 2 billion for that even to be considered.
