NYSE TICK Should Be Open

This is one of the tools that is very useful right now.

This looks like a retail capitulation or momentum player move, the TICK just hit extreme levels, smart money doesn't typically sell in to this environment, in fact it's the opposite.

However the TICK trendline will be one of the first clues.

It's not as steep, it's more volatile and hit a deeper extreme, -1500 is an extreme for the TICK.

ES is holding up well. I think this will be revealed shortly as either a momentum trap or stop run, I'd think a momentum trap is more likely.