The sell off continued today and the market closed below the 2085 support level. While a bounce could occur in the next sessions or two, the next level of significant support is around the 2050 level and 2025. So we could see selling accelerate until a floor is found for a counter-rally. I will go long if the 2025 level gets tested and will use the 200 DMA as the stop.
National mood is obviously affecting the market after what happened in Orlando. It is very clear to me that ISIS is waging a war against us by producing propaganda for susceptible idiots here to consume and launch these types of attacks. A terrorist doesn't need to go to Iraq to train, all they need is an internet connection to be radicalized. So I hope Obama and the next President identifies the root of the problem and eradicates it. Obama keeps on talking about Muslims when the problem is ISIS and Al Qaeda. These groups need to be dealt with (and not with Obama's wishy washy strategy) and destroyed or they will keep doing this to us.
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Short Term Trend = Bearish
Medium Term Trend = Bullish
Long Term Trend = Bullish