Well that was a lousy way to start September. So what happened? Bottom line is you never really know....its all just speculation in the midst of rampant market manipulation goosed by another overnight hit to the Chinese markets. Note the continually divergence of the Ergodics and the ADX showing the HFT robots hard at work as they relentlessly drove the markets down today. Volume finally accelerated into the last hour and it wasn't to buy. The NYAD range was utterly dismal today .11 to .20 and the RSI2 closed at less than one.
Tomorrow? Anybody's guess The aftermarket was up a tad but we've mentioned before how the prop shops like to pump the after markets in anticipation of trading contrary the next day. CAUTION.