The S&P held the 1990 Maginot Line at all costs...A level coinciding with the day before the August Flash Crash:
Oil and oil stocks at new lows. Emerging Market stocks, EM debt, and EM currencies new lows, Yen carry approaching August lows. Big Cap Tech rolling over. What could go wrong?
A Yuan devaluation followed by two big downside gaps and then a crap...we've seen this movie before: