Jun. 5 at 8:39 PM
Rough day across the board… NQ trying to stabilize around the 30D EMA + 0.236 fib zone
What makes today stand out is how statistically rare the move is when you look at 90D vol:
$XLK -3.8σ (~1 in 13,822 days)
$QQQ -3.6σ (~1 in 6,285)
$SMH -3.5σ (~1 in 4,299)
$SPRX -3.0σ (~1 in 741)
$SPY -2.9σ (~1 in 536)
This isn’t “normal volatility”… it’s a full factor unwind day where everything gets repriced at once. These are the kinds of sessions that reset positioning fast, not just sentiment