$8 Billion E-Mini Dump Sends S&P Below 200DMA, Dow Tumbles 500

Original post

Well that re-escalated quickly.

Moments ago, a 65,000 sell order in the E-Mini, equivalent to a notional of roughly $8 billion, sent the S&P 500 tumbling, and breached the 200-day moving average…

… and sent the Dow Jones plunging by over 500 points.

As a result, all major US equity indices are now negative for the year…

All the FANG stocks are now lower since the start of March and Tesla is collapsing…

… as the USDJPY snapped lower…

Sending the 10Y yield to session lows.