Follow Thru

I saw the world crashing all around your face
Never really knowing it was all just mesh and lace
--Modern English

Got follow thru on Wednesday's melt when an afternoon sell program lopped about 400 points off the Dow in short order. Yesterday's 500+ pt loss found both the Dow and SPX south of their 200 day moving avg.

However, this morning woke to jiggy futures and after a gap open the SPX currently sits...on its 200 day moving average.

Not sure this gap open is what the bulls really want to see but, for now, it appears the algos are trying to determine whether the 200 day is a valid line in the sand for technical support. Should the answer be negative, the robots will likely skee-dat-al back to the south.

no positions