Rashad

This is huge!

AMEX:SPY   SPDR S&P 500
spy
Today's fall is 4 standard deviations of a 65 period mean. The probability of that happening is well under 1%. Feel free to leave your input or where you think this is headed. The market is oversold, but I wonder whether or not dip buyers will take advantage right now.
Good chart and description. It's truly a huge move, right where I expected it to happen two months ago:

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I would say this is partially skewed given how tight the trading range has been and how close this is to an all-time high. However, Monday and Tuesday will be interesting - hope the dip buyers show up, but this could be where the 10% streak is broken.
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