The bulls had everything going for them, and then they pulled a rabbit out of their hat and sank this market. 

I didn’t even know that was still a thing! For so long now the bears have been the incompetent ones and now all of a sudden the bulls are the ones that completely head-fake traders out.

Donald Trumps ‘Fire and Fury’ comment in regards to North Korea, no doubt triggered the selling algorithms, but the market was already selling off long before those comments. He simply adding the “ka-POW” to the selling. 

So will this selling persist into tomorrow? Who knows. The bears have a long track record of totally blowing some great opportunities. Whether they can keep their hands on the steering wheel and drive this market lower, remains to be seen. 

But hey! It’s a start!

Here’s the bearish watch-list of trade setups: