For this move in U.S. stocks, I’m watching a few key levels on the S&P. If they break, it’ll be payday for the shorts, so anyone holding should think carefully about their position size. Don’t ask why—the chart makes it crystal clear. Wicks are most likely when liquidity is thinnest in the early morning hours. Set your stop wherever you want; I’ve put mine a little below the previous low. If you’re watching, give me a follow.