This drop is no big surprise really as we had been rising on fumes from an oily old rag.
Will the smart money be on the bid when the outlook is still rather uncertain?
I suppose support tonight for the S&P is 885ish. I recall 888 had been some prior resistance on the SPY, from memory.
Kind of a bit surprised that 918 was little support at all last night. Breezed through it like smoke through a keyhole.
Chris
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