There is an apparent capitulation at 5pm PDT after I got a chance seeing NKD on TOS just now, the volume also spiked. Given the subsequent hourly bars, I guess NKD may have bottomed. This is supported by a similar reversal in JPY but at a later time. I will go back to NKD sometime today ...
At best CRUDE will take a breath here ... but overall traders are pretty bullish on US economy because it is still the largest CRUDE user in the world.