The last few weeks of trading have been downright rough…
The markets staged a "whistling past the graveyard" rally for a little more than a week after the Aug. 24 crash only to come tumbling down again by 3% on Sept. 1 as nearly every sector was hit.
Robust technical support levels that were years in the making have been snapped like so many little twigs.
Key indicators have all but failed traders who are scrambling to find bottoms to trade off of, and the Chicago Board of Options Exchange Volatility Index (VIX) has been breaking six-year records, topping 53 on Aug. 24 and 30 on Sept. 1.
The sheer breadth of the chaos is matched only by the growing chorus of pundits speculating on the drivers of the chaos.
Let them speculate and fumble around in the dark. What's really rocking this market is what I call the "Three Cs."