Daily Market Intelligence 10/5/21

Today we saw a perfect wave of negative news.

I would not be looking for a bottom in Facebook until it prints 284.70.

Looking for the Indices to do a full matrix to matrix swing before you can safely hold anything other than energy.

Spoo need to print 4312.50 for any bottoming action.

Sustained price action below 4260 will elect another round of selling.

According to our room intelligence;

Someone withdrew all routing for Facebook’s BGP AS number off the Internet.

So, a malicious employee, a fat finger, or someone broke into their routing table and made changes.

I am sure we will hear about it.

Bottom line volatility remains!

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