August 8, 2018 – The immense sell off began at 2pm cst after the news was released that the SEC would be delaying their decision on a VanEck-SolidX ETF approval to September 30th. The overall market cap now sits at a 2018 low of $220 billion.

Live Trading Session – Shorts Feeding on Fear 8/8/2018

We’re seeing continuation lower on the ETF delay. While we believe that the delay was inevitable, shorts are using the opportunity to pounce.