S&P Taking Out Support After Support On Heavy Volume; Next Level: 1,160

Tyler Durden's picture

The market is plunging with accelerating volume. This is most assuredly a victory for the bulls, as it provides tremendous double, triple and dodecatuple down opportunities for all those who believe that rosy economic data based on a flawed and soon to be thoroughly disproven theory and assorted 'seasonal adjustments' provides a sufficient due diligence replacement, when the name of the game is merely chasing momentum.