Yuan News = Bull Trap

That was quite clever of the bulls to ram it to slam it on the China yuan news this week.  Its much easier to sell volume into a gap up than a gap down.  This selling spree is not done yet.  The persistency of the selling into the Fed meeting and on Fed day tells me that bulls are poorly positioned.  We might have a little rally into the close and then the sellers will likely return in full force tomorrow.