Futures still Selling

Looking at some Fib Retracements since the 9:30 open in the Index futures, we're still seeing selling primarily in TF/Russell 2000 futures followed by Es, SPX E-minis and last NQ, NASDAQ 100 futures.

Thus far TF has retraced about 2/3rds of today's move since the 9:30 regular hours open. ES is just behind, having rretraced just about half of today's move from the 9:30 open to intraday highs. NQ is holding up best thus far with just about 25% of today's move retraced, however it is the market leading Russell that's of particular interest given that large volume in the IWM this afternoon as the afternoon decline started (I noticed many of you wrote me about the same thing).

What is also of interest is that despite some VIX hammering right around 3 p.m. as per usual, it didn't do much of anything for the market except bought a little time, it didn't buy the normal afternoon melt-up.

I've been working on a trade idea so I haven't pulled up the updated charts yet, but I will.