Mass liquidation??

A bit of risk aversion all across the board. Everything that has probably been bought on leverage is starting to unwind and that includes crude, gold, silver etc etc. All market internals are solidly negative. In fact they stink and the robots (ie program buying) that have bought at low levels on each time we've had weakness lately are now where to be seen. Ticks are solidly negative and cumulatively we are down -20,000 already. Seeing a massive jump in volume today which shows that a lot of distribution is going on. I myself did go with the open but I did fade the first bounce we got on the TF for a nice winner. I don't think we will see any meaningful bounces today to be honest. Still you never know with this market. Very quiet in the pits though so not a sign that we've hit some sort of extreme just yet (normally lots of noise indicates that selling or buying is reaching an extreme). Treasuries and the dollar are up so definitely some safe haven allocation going on.