Users: Hunk of Junk: Summ4.7.png

Europe has seen a strong reflex rally today supported with institutional muscle. 
On going selling in the last hour of trading in NY though, over the past days suggests institutional sales resulting from redemption's. 
The increase in volume on the downside indicates accelerating distribution. Multiple technical failures across the indices, and growing economic headwinds, suggest a market fragility that will trip another violent downdraft. 

However, an uptick in the Summation Index leads me to hesitate. For short duration traders, the "pain" trade is probably up from here, and being short is just too obvious. 
A critical jobs number tomorrow then, with all the ingredients to create a volatile and combustible outcome.