Stock Market Video Analysis 10/3/11

The pressure had been building to the downside and today it gave way as the selling became more aggressive. The Russell 2000 $IWM has been leading to the downside and it was most heavily damaged today. The $SPY also finished at a new low for the year on a closing and intraday basis, there is no evidence that this market is ready to turn back higher, it remains “guilty until proven innocent.”