Today's Market Action:
Halloween is coming early as investors head for the exits as fears ramp up concerning increasing Covid cases, heightened election uncertainty due to criminal allegations against the Biden family, chaos in the streets, and draconian media censorship of any conservative views (just to name a few); Volatility sky-rockets as all major averages slice through first lines of support and are now testing the next support levels; All market components now in the red except for the Greenback ($UUP); Multi-year low in the Arm's Index ($TRIN) suggests more carnage is possibly on the way--better hunker down!


2:10 pm ET: Intraday support/resistance:
$SPX 3242.5/3342.5
$DTX 1088/1132
$DJIA 26380/27100
Nasdaq 10956/11244
$RUT 1527/1587
$VIX 37.05/41.95 (extremely bearish)
Trin range: 0.3 - 0.45 (this is the lowest Trin I've seen in years, and I'm sorry to say that while the levels are wildly bullish, it signifies a gigantic sell-off)
Average VWAPs: +103/-230 (bearish, but buyers are still not completely spooked--yet)