This historic market performance continues

This historic market performance continues today, with indexes already indicated to gap down to new lows. There isn”t any reason to suspect that this might be a confused market. The only question is whether this morning”s gap down has gotten too far ahead of the ongoing decline to be sustained.

We”ll give a recovery the benefit of the doubt if yesterday”s range is actually being probed no later than one hour into the session. Otherwise, the likelier alternative is that today brings “capitulation,” i.e. gapping down and trending down sharply.

This is not the most appropriate time to be “bottom-fishing” or “knife-catching.” If trying to buy, please take a moment to post the idea to this thread in the Activity Feed so I might offer price levels to consider. Most of all, trade safely, which sometimes means not to trade at all!