Have you guys noticed that every day around 5:00 pm EST that the market dumps, it has to be Wall Street taking daily profits before they go home for the night. Its only on weekdays and has happened the last 3-4 weekdays in a row and on Fridays its s bigger dump before they go home for the weekend.
The way I understand it, market dumps happened on a weekends. Others says its because people are just cashing some money to enjoy the holidays. So I'm not surprised by this dump happening prior to weekends specially US timezone. However, this market never sleeps, so Asia Time Zone takes over, but in this dip so the market is back where it used to be.
But we don't have evidence though, its pure speculation but if you have been in the market for at least a year, you will notice this pattern in whatever sentiments the market is.