Is The Temporary Top In For The SPY?
At 2:30 a.m. ET Thursday morning, bearish volume picked up on the S&P 500 e-mini Futures and by 6:15 a.m., ES1 had fallen over 70 points.
At about the same time the Volatility S&P 500 Index (NYSE: VIX) began to spike and by Thursday morning was trading at over $20.