China has taken out that all important level but this time it...

China has taken out that all important level but this time it looks serious as just took out the low from August.

Copper just pulled off an exceptional bull trap and is now getting spanked.

If these moves are legit then it's good night BHP and potentially good night XJO if banks can't pull something out their a$$.

I bought some 'insurance' calls on NAB this morning.
NAB major level is $28.96

I'd much prefer the short side cause I can tell you ANZ and NAB are heavy net sellers atm but might just leave everything overnight cause it's shaping up as a big move one way or the other and I don't mind having a position for both sides.

One thing I will say, if conditions don't change I will be looking to get very short if market rips back to 6990 and more so if hits 7100.

There's tons of selling under the surface rn...