There goes GLD

This is more of what I was looking for and frankly, 'm surprised t took so long, but there's an obvious risk off trade in gold and risk on in equities.

 GLD breaking down

 Here's intraday support, note the limit orders triggered on a break of that support.

And here's the ascending triangle we saw, the idea was we'd see a false head fake breakout above such an obvious triangle, that ended up being the trigger. If you aren't trading GLD, just make sure you take note of how many times we see these false breakouts end a trend. As GLD moves below that ascending triangle, more and more traders will be at a loss, which has the potential of creating a snow ball effect sell-off.