dan deming is in chart talk next...after this in-the-know message. get ready everybody, it could be another wild ride for the markets today. we are bringing in dan dan deming/stutlandequities. and dan, what a crazy day in the markets yesterday. and how about the vix? yeah, the vix, a big jump in the vix. we saw a 20% jump up in the vix. trading in the mid-20s again. certainly, elevated realize volatility in the marketplace. we're getting significant moves. we saw the s&p move actually 2 1/2% at one point yesterday. we're also seen the s&p breakdown here below again 1183. which was kind of the support level. tested at the 50 day moving average yesterday. held above it and right now that's kind of the area that everybody's gonna be looking for. if you break below 1168, we could go down to 1150 angela. so that's what the chart says, but what is your trader instinct here? because you have been talking about a downward move. is this the big one? is this the beginning of something larger to happen? well it's hard to say angela. but right now, if you had to play the odds, i suppose giving the condition in the marketplace. this is a potential for the correction. and the re

dan deming gives us a close up look of the s&p 500. we'll be right back. in our chart talk this morning, trader dan deming of stutland equities joins us now to talk about the breakdown of the s&p 500 yesterday. where do you think we're going from here? well, it's certainly feels like momentum now has shifted to the downside. we saw a break below that 200 day moving average of 1102. closing on our lows. it certainly looks now that we're headed to probably that 1045- 1050 area. which we actually touch briefly a couple weeks ago. but that goes back to last february, actually is where we kind of set that level at 1050. and i have to ask you about that volatility index. the vix, well above 40. what is that telling investors? well, again we're kind of breaking down across the board. we're in uncharted territory to some degree, now that we've broke through 1100. and you're just seeing uncertainty across the board elevated as the market is searching for a bottom. there's so many news items out there that are causing this uncertainty. thank you very much, dan deming, stutland equities. always a pleasure dan. thank you very mu