ES Levels 9/28 - What the heck happened?

Technical factors (trendline and fib breakage along with head and shoulders pattern) combined with fundamentals (debt ceiling, consumer confidence report) kind of collided in a perfect storm to drop the markets today. I discuss the reasons why and where I found evidence of institutional buying today.

WSJ article referenced in the video: wsj.com/articles/yellen-says-treasury-could-exhaust-cash-reserves-by-oct-18-if-debt-limit-isnt-raised-11632835248?mod=hp_lead_pos2