Yes...definitely agree. This morning seemed much different then the past. The ES has done 45 million contracts with 30 min to go in the cash session. This has to be some kind of record right ?
3-25 propped up at start nose diving to new lows by close. Media is in full damage control - china just dumped a lot of cash to prop it up. Big push to calm fears... still down 5 - 7 % across the board. Regulators invoked rule 48. Its gonna be a lot of bloodshed for those with leveraged positions.
Because ... just like there is long and short, bull and bear leverage can work for you and leverage can work against you. BTW this week's individual daily trading ranges were wide but not unheard of. "Buy when they are crying, sell when they are yelling."