Well that escalated quickly…. a huge volume move soaked up the entire S&P 500 e-mini liquidity stack… a “flash-crash” that saw VIX burst above 23.
Massive futures sell order takes down the index…
A zoom in courtesy of Nanex of how ES liquidity literally evaporated by over 70% when the massive sell order hit at a time when usually everyone expected the ETF/PPT levitation to take stocks higher:
And VIX jerks above 23…
As USDJPY waterfalls:
Just as we warned was likely into the open – no liquidity, means whiplash galore.
via Zero Hedge http://ift.tt/1EQnU5B Tyler Durden