STOCK MARKET CRATERS ON YELLEN REMARKS | Buy The Dip?

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A Stock market sell off took place today after remarks of the impending doomsday talk about the debt ceiling. We all know its going to get raised, perhaps it could get downgraded like in 2011 (we will see). Markets however are setting up for a relief rally. Not the type of rally you just want to step in front of with no caution though. SP500 is sitting at the lower bollinger band and 100 day moving average. Indicators are oversold, suggesting a bounce can be underway. How strong of a bounce? We will see.

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