Bottom line, we just started the second leg of the bear market. Take time and notice the last 6 weeks, it was the S&P and DOW biding time. The S&P came up and hit the 50dma and then broke down.
Every commodity was in new low ground. A very brutal sell off into the close. EVERYTHING IS NOT OK!
This leg of the bear market is of unknown price and proportion.
I got caught up in this action thinking, you can't fight the fed. My lesson learned, the market can fight the fed!