Classic drive down on the SP this am. The sole intent was to shake SLs at 46.5 and 46 - and they succeeded.
Noted that there were >560k @ 47 and only 13k at 47.5 at pre-open - now it is back to normal. It appears too easy for the accumulators!
But that is the way the market works. Nothing to do with doom and gloom "conspiracies" which always seem to appear in this forum on bear days.
