Bob Lang’s technical take on the broader market was featured on the “Off the Charts” segment of Mad Money last night. Bob, of ExplosiveOptions.net, said the charts of the S&P 500, Nasdaq 100 and Russell 2000 suggest the stock market could still have more downside.
Cramer summed it up: “The charts of the major indices, as interpreted by Bob Lang, suggest we’re not out of the woods, Lang thinks we could have a lot more downside.”