ES - Daily / The Train Wreck Continues E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! HK_L61 50 SMA @ 4678 100 SMA @ 4576 200 SAM @ 4423 __________________________________________________________ Dip Buyers continue to look for a Relief Rally. None has arrived. The Selling is far too committed. __________________________________________________________ Losing 4575 implies the 4550 better hold or it's going to turn far worse for the Dippers. TNX / TLT New 10 YR Highs for Yield TLT smoked to near our initial Target of 139 - a few ticks away. 134s then open for TLT on the run to the Extension, should Yields rise through 1.912. ___________________________________________________________ The Es has some catching up to do with the NQ, as it is being dragged down again - it may well exceed the 8.77% prior declines Lows @ 15152. The Dow blew up as Banks are warning / missing - GSCO missed by a mile. China thought it might be wise to offer Powell some advice... that failed. ____________________________________________________________ Failures are everywhere, except for Crude Oil . The ES has broken the speed downtrend line... just nasty.