dax down to 12000 first then up to 12400 and finally waterfall to 10000.....spx starting to work at a correction which might be a copy of that which took place between august and november 2016.....my ff

My fearless forecast is for a crazy volatile Aug/Oct. This might imply more of a time correction than a deeper price one. Some stocks are actually blowing off every day, not the popular averages yet. If we do go vertical, then it gets even better for the pain & suffering crowd that is still out there. Going to keep buying VIX call spreads on complacency dips in the VIX < 10. Have fun!

They seem to be sporadically back up but somebody is playing havoc with them. Many folks are freaked.

If the hacking (as I understand it...) was at all successful, then that liability is non-trivial.

M

I'm looking for a huge down day Friday.  By Monday we should be in the vicinity of 2338/42 ,down over 5%.

Charts below of Dow Industrials and Dow Transports:
 

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