After early selloff, all mkts recovered, off lows but still -ve, after a big drop Monday, encouraged by DJ futs +40 Europe +0.5% But cautious as damage has been done -technically and emotionally!
Not too bad, shaking off selling pressure near critical support lvl of 1300+. But it may take several days to recover and in the mean time, danger of breakdw is greater. Mkt is technically a sell in the short term till it regains 1320 again. Critical support at 1300. If breached , mkt may aim for double-bottom near 1250-60.
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