Up volume this morning has been good Baba and actually has been since the $1540 print yesterday but for sure the sentiment and longs have been hammered since midnight on Monday this week. Ya think they knew what was coming (I sure suspected the NFP would be weak) and moved to cover some serious shorts prior to this morning plus encourage some more hedgies to go short so they could cover.

Keep an eye on the COT report this afternoon as we could get a one two positive move higher today setting up the next few weeks movement.