Last week drop continued in Japan as well as in China and now the ES Futures are closer to the 23.6% Fibonacci Retracement. India just open and confirmed that the selling last Friday was NOT (Post Update) originated in Asia. I still do not have a clear view on the origin of the selling. Rates increase fears are a good direction pointed by the media.
Meanwhile we will process the data to recognize the cause of the liquidation break and a possible continuation.