A Mild Sunday Night Shakedown

Shortly after 3 a.m., as I was putting out an update for the E-Mini S&Ps, they broke lower and are now within an inch of a tradable correction target. Night owls should check out the tout, since the selling has the smell of a Sunday night shakedown — i.e., buyers have simply backed away and are waiting to pounce the instant they sense that the selling has dried up.