A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?

Given the extreme lows in volatility across the market, the impressive drop from the S&P 500 and EURUSD this past session has drawn a lot of attention. Is this a technical development or fundamental drive robust enough to sustain trend?

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A Break Lower for S&P 500 Prices and EURUSD - Are These Trends?