Markets closed at the lows with the SPX -24 at/near 980 and the NAZ down 55 and was the biggest loser.
Strongest sectors included bonds, drugs and tech while gaming, reits, metals and banks lagged.
NYSE- 2400 net losers;
NAZ- 1800 net losers;
NDX- 3 GREEN;
SPX- 29 GREEN;
VIX- up 15% at/near 28;
TRIN- 1.64 with down volume about 15x the up.
Markets are now over sold short term and all are certainly curious to see what the bulls do from here- my guess they buy them as tomorrow is TTuesday- RSI 2 levels also over sold at 10 on the SPX.
Tony Dwyer - an analysis who has been watched for many years - had an interesting take a few moments ago- if the sell off is going to get ugly bonds and dollar would have done a heck of a lot better - and as I tweeted - the dollar hits its high before the open this morning.