Friday or Monday

Where will the post panic bottom be? That is the question. In overnight trading, I have noticed that Europe is outperforming the ES if you look at the close price at 4:00 PM and the current prices trading in the European session. Throughout this whole selloff before today, Europe was continuously underperforming the American markets. I think that signals that we have reached a point where the European sellers have exhausted themselves. The question is when do the Americans sellers go away?