"The problem with movies and books is they make evil look glamorous, exciting, when it's no such thing. It's boring and it's depressing and it's stupid. Criminals are all after cheap thrills and easy money, and when they get them, all they want is more of the same, over and over. They're shallow, empty, boring people who couldn't give you five minutes of interesting conversation. Maybe some can be monkey-clever, some of the time, but they aren't hardly ever smart."
Dean Koontz
Big Support has been broken and the SP is dropping hard to the nearest support.
Market is becoming short term oversold again.
Non-farm payrolls coming out on Friday could provide a catalyst for a panic leg down. We may get a short covering squeeze before then.
Watch resistance and support on the daily and hourly charts.
Bullish Percent
McClellan Oscillator
Volatility Indicator (VIX)
Here is one clear indicator of when the Financial Crisis actually started with a vengance, although its roots go back to the Clinton Administration at least and the repeal, in stages, of Glass-Steagall.
Source: Institutional Research Analyst and the FDIC
