Terrible Day!

What a day to stay out of the market. Like I said last night, the markets were still overbought and more downside was to come. I didn't expect it would tank this bad but all it takes is one bad news item and sellers appear out of nowhere. There's no reason to panic since this is just normal market behavior. I know that for days to come there's going to be all this silly talk about recession and slowing economy, etc. This is where patience is very important. If you're in cash then you're safe but if you must trade you have to wait for the markets to be ready. I will try to find some setups later on so don't panic.