Why Crash Today After 11:30 ET?

耐心等待

Yahoo said because of Consumer Spending. But that was 8:30 ET (before open). The market dropped just a little before 11:30 ET.

Anyone knows?

sequoia

Many longs jumped in yesterday set sell stop at 15 min BB level.  Breaking down 15 min BB means yesterday's rally is fake, stop orders are triggered and formed a positive feedback loop thus bring down the market.

耐心等待

2# sequoia


So, smell the positive feedback and buy SDS is a sure way to make day trade money!

sequoia

IWM broke down yesterday's low in the early morning already proved that yesterday's reversal is fake.  Other index just follow.