Overnight Market
This currently looks more like:
A broad overnight de-risking move,
rising volatility,
and pressure on growth/risk assets globally.
*For today, the key will be whether:*
Buyers defend key intraday support levels quickly,
or if opening weakness leads to trend continuation lower.
If bounces are weak and fail quickly, expect more focus on capital preservation and tighter risk management. If indexes reclaim overnight levels early, then this could turn into another volatile shakeout within the broader uptrend rather than the start of deeper downside.