The $tick's low for the day isnt even -1000, i would atleast like to see that hit -1000 with this kind of selling. It can hit -1000, but it hasnt yet today. For this kind of selling pressure in the US market its hard to believe this sell off with a weak $tick reading.
Tons of buying support at or near the NYSE's current price levels.
Emerging markets are also arent even trading at a 10 day low with this selling.
My gut says this morning's move is over done, and anyone getting beared up right now might be too early.
But as always the market can turn and change ever so quickly.
I will post if I see any changes in buying or selling pressure intraday today.
Wont be shocked if NYSE closes near 7600.
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