Huge wave of buying in ES just after 4 AM EDT and again in the last 45 minutes. Might be I'm not reading these T & S and the hours my charts show correctly though. Haven't seen anything like this at night.
These things happen every so often. It was just a little shakeout triggered by some local difficulties in Asia. If the US markets can open without a huge gap then that leaves a very long buying tail which may support the markets in the immediate future.
I think the SPU selling off more than a 100 handles in a week is more than a shakeout...I think the "Black boxes" are tweaking out bad and another Amaranth is going to be in news soon.