RED ALERT - Breaking down as expected yesterday

‘There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as a result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.’ – Ludwig von Mises

As i yesterday pointed out, there were lot´s of signals that were telling that today was a decision day. And what a decision... There were lots of breaking down in stocks and indexes, and VIX in the support i showed yesterday gave 30% gain.

I am looking to short AUD against some currencies, maybe AUDUSD or AUDJPY i am still studying and i let you know when i enter the trade in the next few days.

If this will be a simple correction or a move of the S&P500 to 400 points in the next few 2 years i dont know, but a strong correction is expected, so longs beware.

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