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US Stocks Hit With 2nd Biggest Sell Program In History

Courtesy of ZeroHedge View original post here.

As futures indicated, the US cash equity open was greeted by an avalanche of selling, breaking the S&P back below its 50DMA…

This was the second largest sell-program in history with TICK crashing to -2067 (record low as -2069 on 5/11/21)…

…which means that we were off by just 2 stocks from the biggest selling-wave in history.

A sea of red in stonks…

Perhaps one sign of capitulation is that we are at a more than 90%-down-day in early S&P 500 cash trading (actually 94% of the S&P are in decline). That’s the highest since about October 2020.

But, bear in mind that dip-buyers did not step right in after the 5/11 puke…

So, is that a big enough puke to spark dip-buying?


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