There is no bounce in the indexes.
FB,NFLX,BUD,XLU are trading under their 200 DMA’s
A couple of levels to match up with a panic today which could line up with the weekly mvg 200 avg in the Spu’s close to 1775 ish.
I do have an old level in the Spu’s @ 1808 that can trap shorts the first time in.
You don’t want to be short if we get down to these levels the first time down.
AMZN...525 200 DMA
GOOGL...650 200 DMA
At this point I wouldn’t be looking for any short covering rally until later today.
You’ll need to see one of the MOMO stocks to get close or hit it’s 200 DMA for a contra trend rally.