8/5 - S+P downgrade factored into selling? (hold stop)

Futures from S+P downgrade breaches friday's lows


SPY = finish way off the lows with HUGE volume


XLK = strongest sector able to hold above and close at its support


VIX - big reversal candle after shooting to super high levels today


SPX weekly - lows hit a prior pullback low...wonder if it will hold...huge drop this week..wow



i really want to call this a bottom but with the S+P downgrade, it actually makes more sense that tomorrow might be the bottom...hindsight all this selling was probably the smart money's way of valuing in the downgrade....if starts very very low like 400pts, i think we can come back late with huge volume and show a capitulation day...but who knows...