Despite the ubiquitous pre-open ramp in stocks, it appears 'investors' want out in a hurry. With The Dow having fallen 150 points from its overnight highs - testing towards multi-month lows, Nanex points out that suddenly a bid arrived... the biggest buy imbalance of 2015 so far exploded into e-mini S&P futures and managed to save stocks from falling (for now).
The rescue bid arives...
[2]
in dramatic size!!
[3]
Plunge Protection Team? or dry powder dip-buyers manically trying to catch a falling knife on no news?
You decide...
* * *
It appears they have more work to do...
[4]
Charts: @NanexLLC
