The stock market indices had a volatile day, and the session was topsy-turvy. The morning was ugly with the indices opening lower, and going sharply down. The Nasdaq-100 dropped at the opening from 2265 down to 2223 or so, and the S&P 500 dropped from 1242 down to 1230, with the 1230 level being key support. That completed a 5-wave intraday decline, at which point they turned it around. A sharp 5-wave advance on the S&P 500 took the indices sharply higher, from 1230 up to 1245. They backed off in the last 10 minutes, but came on into the close to put the S&P 500 and Dow back in the plus column just slightly. [More...]