FXF-Swiss Franc Safe Haven Trade Annihlated

For those who have been running to the Swiss Franc/FXF as a safe haven trade, today is not a good day.

 Nearly everyday this week I've been pointing out 3C trouble ahead for the Swiss Franc, while 3C can show us the underlying action, we don't know why big money s moving out of the trade, my assumption was because of a possible market bottom. Today FXF is down over 4.5% thus far.

 Here is yesterday's trade, note the leading negative divergence and note that the FXF DID NOR rise into the end of day as the market fell, instead it stayed in a range and ranges are where we most often see accumulation and distribution.

On Tuesday I pointed out the negative divergence at the FXF highs and following leading divergence.

The speculation is that the Swiss are going to peg the Franc to the Euro.