I'm strongly of the opinion that's been happening already last couple of weeks and still continues. It's weird though because the market last couple of days has been strong, not in volume but price. I'm not buying into this rally, too risky for me until after election outcome. October's I've experienced major volatility to downside, very difficult to cope with.
US will dump then ASX stocks will gap down next morning on open, if holding long positions it's too brutal.