The S&P closed at 735 on Friday – and is currently hanging at the 717 mark. The Dow is well below 7000 at 6920. Today could be a plunge – there are no obvious support areas along the way.
The play is obviously the inverse ETFs (FAZ is already up 10% in the premarket). Watch for a rocket rebound – the further down we go, the more oversold we’ll be and the bigger and faster the possible bounce from whereever that new bottom will be.