RE:This is called cleansing the complacency...Very hard for those not used this kind of whupping. I'm pretty happy we didn't waste news on a week like this and my holdings held up pretty decent versus past corrections. Maybe I'm finally learning something, lol.
SPY closed around the 200 DMA on the daily chart and way oversold so could bounce on Monday just for technical reasons. Today was monthly options expiration Friday so things can get extreme oversold, especially with the margin players getting crucified. Fingers crossed for Monday.