Yesterdays lows hit-FAST moving market dynamics.

The trend in the market has been to fill gaps so I assume until proven different that the market will attempt to fill the gap left from yesterday's open.

The IWM, SPY and DIA all hit support of yesterday's lows and on high volume, this is usually a sign of an  intraday reversal. Should the averages be unable to fill this gap, then we are entering a very ugly new stage, which I do expect to start at any day.

As of this moment (although as I said earlier, I don't put too much weight on early morning trade as pre-market orders are manipulated) the IWM, SPY and DIA have all crashed through support from yesterday's lows after finding initial support there.

This again, like yesterday afternoon is a fast moving market, I can't even capture a chart without it changing before it can be uploaded. One thing I would remind you of is when important support is broken we often see a volatility shakeout in the other direction, when this stops happening, this will be another sign we've entered a new phase in the market, it's only natural as the transition has been pointing toward this for some time now.

We'll see what happens as we move out of a.m. trade and the EU markets close.