OK first things first, the Dow Jones lost 545.9 points overnight which is awful - especially after a fall of 830+.
When I first saw all that red last night I thought - this will put the cat among the pigeons, and certainly - opening at $2.31 was no laugh.
But at the end of the day the SP is as it was at close yesterday.
Currently, the futures, Japan and Hong Kong are up. I am going to take a punt and predict a rally overnight for the DJ as well.
Let's say we are at the nadir now. This is the 2018 version of 2017's $1.55. I'm not saying we will have the equivalent of the run from $1.55 to $4.55, not at the same pace as last time. However, we have taken a battering and there is good news on the horizon. Quarterly on the 18th, SDV deal and more to come.
GXY Price at posting:
$2.37 Sentiment: Buy Disclosure: Held