What a weird morning! The /ES had been marching higher since 1:31 a.m. – – the consumer confidence numbers came in much higher than expected – – the /ES lurched even higher still. And – then – el pukeo.
There are a lot of very pissed-off bulls right now, I can assure you. Because it's not supposed to happen like that. Failed breakouts are not good for the upside.
