The roller coaster continues, the futures opened limit down, an intraday range of 170 points and a late rally at the close. The 2500 level may act as a resistance short term. Hedging activity ran at a high level in the option market. Some big tech stocks like Apple and Microsoft have broken below their 220 day moving average, indicating that hey have finally turned down to a bear market status. Weekly sentiment indicators among private clients point out to a surge of investors adopting a bearish attitude similar to the 2008 crisis but the data reveal also still too many bulls, a litte bit disturbing.