Well that escalated quickly.... a huge volume move soaked up the entire S&P 500 e-mini liquidity stack... a "flash-crash" that saw VIX burst above 23.
Massive futures sell order takes down the index...
[2]
A zoom in courtesy of Nanex [3] of how ES liquidity literally evaporated by over 70% when the massive sell order hit at a time when usually everyone expected the ETF/PPT levitation to take stocks higher:
[4]
And VIX jerks above 23...
[5]
As USDJPY waterfalls:
[6]
Just as we warned was likely into the open - no liquidity, means whiplash galore.
