Power Play on the Turn

As the underlying stocks roll over, watching RUT and DJI stocks, all the emphasis is now focused on the FANG stocks and the FED is doing its part to keep pressure on interest rates and the Dollar as the overall market turns.

Here is the chart we showed two days ago, updated to show how the all the concentrated pressure is giving a new low on the chart bottom today that brings all the forces into play. This is an extreme event that is out of synch with fundamentals and a surprise.