It was a classic crossover as bulls got lulled into a consistent rhythm of an intraday lateral trend and suddenly tripped on the crossover headfake as smart money used the recent rally to sell into strength while the election draws near.
New 3-day lows have a high probability for continuation patterns but such was not the case today as stocks rallied to recoup most or all of their losses. This time it looks like bears got spooked instead of bulls.