The road is perfectly straight and dry. However, it is heavily trafficked.
One impatient driver decides to pass as many cars as he can by accelerating well beyond the speed limit. 
He puts metal to the pedal, disregarding the oncoming traffic.
Lucky for him, he has a seatbelt on while his car flips over several times.
The car stops upside down. The man, hurt, still lives.
The bulls in the US dollar, the overall market, and the interest rates, have tried really hard to beat the market conditions.
They’ve pressed their collective feet on the gas pedal, ignoring the market signs to stay in their lane.
And why not?
Up until the last month or so, hazardous road conditions have been merely temporary speed bumps for the bulls.
Now though?
With remaining bulls way too cocky, a single overcompensating turn of the wheel while driving at speeds way too fast for a country road, the lucky ones had on a seatbelt.
Last week I wondered, if SMH faltered, what would be the ramifications for the rest of the market?
I also examined the Fed’s intention to raise rates and the dollar’s vulnerability breaking beneath a 7-year trend up. I featured the Currency Shares EURO Trust or the ETF FXE.
I’m sorry bulls, but today, I hope you had your protective stops in place.
I’m sorry dollar bulls, because today the dollar fell by .45%.
I’m sorry interest rate bulls, because today the TLT’s fell by .32%.
And I’m really sorry for the tech bulls, because today Semiconductors (SMH) fell by 1.6%.
And the ramifications for the rest of the overall market?
Nasdaq 100, proving another theory that the bigger they are the harder they fall, had the worst performance of the 4 indices dropping by 2.23%.
The worst part? Like our overzealous driver, the volume was well above the average daily volume.
If the seatbelt wearing bulls got out of their longs today, not so bad.
Yet, what does this action mean going forward?
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