Today's Market Action - October 26, 2020
Today's Market Action:
A bearish storm slams the market as investors dump recent darlings in favor of the Greenback (UUP) & Treasuries; Cryptos, Tech (FANG names, Semis (SOXX, SMH)), Chinese Yuan (CYB) getting walloped; Major averages all plunging through first lines of support except for Transports (as of this writing); Volatility jumps accordingly
1:55 pm ET: Intraday support/resistance:
$SPX 3348/3442
$DTX 1138.8/1181.2
$DJIA 27095/28185
Nasdaq 11175/11545
$RUT 1570/1635
$VIX 29.2/33.8 (soaring VIX is extremely bearish)
Trin range: 0.5 - 0.8 (bullish, but bears now have a ton of room to run)
Average VWAPs: +54/-360 (very bearish)
Disclosure: None
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