What a day!!!
Incredible moves at the futures.!
We started AH with the selloff I was expecting yesterday at the close but I came at the less expected moment (as usual) leaving a nice gap as the charts were telling yesterday.
The curious thing was that currencies where signaling risk aversion from early hours so the initial rally surprised me a little, fortunately could lighten up shorts and resist to 1025 ES area. EURJPY and AUDJPY helped not to abandon shorts which finally paid big. The rest of the session was a total killing with zero retracements to let trapped bulls escape (just as it did with bears during July rally).
Currencies, breath, leaders, EU markets, bonds reversing its initial moves everything pointing in the same direction.
Fortunately we didn't fall in the "bounce" trap since market internals were not favoring it.
Will post more analysis later but though it seems like the beginning of the Bears dream, we should take it as a signal, and look for confirmation in the coming days specially gauging the strength of coming rallies
