My math was wrong. It gapped 270 points down and limit down is 340 points where it's at now.
Here's the gap down on the minute chart.[ATTACH]
Nasdaq gapped down 170 points and it is falling fast.[ATTACH]
Here's where Nasdaq closed on Friday. This is not CME futures.[ATTACH]
We'll see how Nasdaq opens in about 16 minutes. On my platform, Nasdaq closed at 6940 Friday.
I've already gone long jpy, as it opened tonight relatively unchanged from Friday.
It will drop 13% each day this week.
Once the cash S&P goes down 13%, trading is halted the rest of the day. It can only drop a maximum of 13% each day.
Unless my math is wrong, a 13% drop each day this week would leave the SP at 1149. That is the end of this week, not month.
Market low coming in May most likely. On Sunday open, will likely be limit down, and crashing this week. I'm short Nasdaq from 7255 on Friday. My...
On Sunday open, it will be limit down. I'm modestly short Nasdaq from 7255.
32 day cycle for Monday, March 23. Using Nasdaq data.
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