I was looking for more damage in the Shanghai. I don't see a sustainable bounce here until their exchange heads down again and forms a base. $SSEC 2600 seemed like a nice destination point.
I watched the pre-market decline here earlier in the week. It was ferocious. There was no attempt to match the volume with the decline in XOM. The MMs no longer have to defend or justify their actions. (And no, I do not own XOM.)
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