by Wolf Richter, Wolf Street:

But the market is due for a bounce, according to the WOLF STREET dictum that “Nothing Goes to Heck in a Straight Line.”

Monday would be a good start for a bounce. It could also start on Tuesday or in November or whenever. And maybe not much of a bounce. But the market is due for a bounce after what it has been through in September, or actually since August 16, which was the end of the bear-market rally.