Falling like a stone after the Fed signal readiness to ease unless the economy gains traction pronto.
The market was clearly long, unable to gain overnight on terrible trade numbers, so the Fed news was like screaming fire in a crowded theater…There was a stampede for the exits and not everyone got out alive.
We hust broke the 100 day average at 78.58, Support lies in the 77.90/78.15 area. Huge stops lie below the former level but expect Japanese semi-official names like Kampo to be buyers on the approach.
