Todays drop in SP today has probably been exacerbated by the tide going out on the XJO. There is also a heightened level of risk with China excising retaliatory moves at the moment with FVEY participants (which includes AUST and NZ) conducting military exercises with Malaysia around Guam and South China sea.
https://www.navytimes.com/news/your-navy/2019/08/19/five-eyes-on-china-us-allies-malaysia-conduct-exercises/
As H00ts mentioned a "sucker rally" and which has provided an ideal opportunity to "Shake the tree"
Chart Update, page-6642
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