When it come, it will come fast

You may remember my gut feeling that when we reverse to the downside, it will happen fast, thus we have been building short positions recently as the long term charts carry the highest probabilities.

ES futures just lost an incredible 50 points!

3C is showing a clear negative divergence for about 3 hours before price falls from about $1440 to $1390-now off about 20 points which is still huge .

This is a tricky time in the market because we do have an even longer positive base from late September, but it has not been in position to consider as a long, it could be we see a shocking drop
(I have said numerous times I expect a big drop to at least new lows below 11/16) and from there we may put in another head fake move for a strong upside, but we are not at that bridge yet, it's just something on the radar.

For now, lets hope ES can hold a negative bias lie this overnight, it may be hard and we may see a coordinated Central Bank intervention before the a.m. arrives as we did last November.

If this does play out the way we have been preparing for with 3x leveraged short ETFs, this could be a major pay day very fast.

As always, it's very early in the overnight session, but this is a shocking decline that sent futures limit down.