Markets are on edge. After yesterday's huge decline, traders and investors have the "deer in the head lights" look.

The main question is...

Will the market break and go a lot lower, or will they save it here causing a rip your face off rally.

We'll see, but from a technical perspective and using the charts in the manner in which we do, we can take the market in stages and be ready for almost anything.

Regardless of economic news, geo-political news, earnings reports, anything is subject to light a spark under the market and cause the shorts into panic buying mode.

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