I Smell Panic

Bulls need to hold the line here on this holiday half-a-day session. As you know the market is closed on Thursday, and we have the almighty jobs report on Friday. I smell panic in the air.

S&P futures are back below 1600. Here’s a 1hr look at the /es:

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Update: Exclusive footage from Goldman Sachs this morning as traders prepare to run for the exit as the opening bell approches:

http://www.youtube.com/watch?v=sbujgzMWrkg