Churning is generally the handing off of shares from strong hands to weak hands, it tends to occur at price highs and reversals tend to follow as smart money is no longer supporting price.
I show you these charts because I think it's interesting to ponder that all of them are churning the exact same minute. There's a lot of interconnectivity in the market, correlations, etc, but ES and 3C both showed us distribution heading in to this. I don't want to push the whole conspiracy theory too far, but you can't deny the coincidence here is beyond strange.
The IWM
QQQ
SPY
XLF
I hope you followed my gist and just learned something that may be new about the market.
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