Also , repeating that it is more or less a correlated move in risk if it is seen – to complete weekly and daily counts.
Again: If we see it we do not overstay short risk as we see a bounce towards 4000 for SPX (example) into December after.
We are talking fast markets and not even 2020 was like this in our view. Or yeah, it was close to the feeling in 08 and 01 and 98) but did not have this “hope trade on the way lower”
And nothing broke like it could now.
Stay on top of things!