SPY is coming up on the 279.80 support while QQQ has fallen to key uptrend line support where the odds for a bounce are good.

/ES (S&P 500 E-mini futures) have also hit my 2826 target/support level where a reaction is likely as well. Basically, the market either starts to melt down here, which although certainly a possibility (and one that should be considered regarding stops for those going long for a bounce trade here), or we bounce soon, quite likely into the close today and/or tomorrow. FWIW- I favor the latter.

ES 60-min Oct 10th

ES 60-min Oct 10th

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