SPX 2-Minute Chart Markets Sell Off on Fears of Russia Invading Ukraine

Polish jokes were popular in America a few decades back but today was no joke. Poland's Foreign Minister Radoslaw Sikorski spooks the markets after words from his television interview come across the tape at 1:30 PM: "Russia is about to invade." This started the panic selling. Several traders unlatched windows threatening to jump as the selling beget selling; fortunately the windows were on the first floor.

The SPX drops from 1931 to 1914 in a heartbeat, only 40 minutes, -0.9%. A very interesting aspect is that the low at 1913.77 took out Friday's intraday LOD which is a bearish indication. Taking a blue crayon, the sideways channel through 1914-1922 is clearly visible. Bulls win above 1922. Bears win below 1914. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.