50 day sma is at 1505 on cash, or 1515 on futures. Good chance in this climate we test it. there are a lot of people caught long since this sentiment shift occurred last few minutes of trading. open orders to sell on the open of RTH will be plentiful. So its in the best interest of the thieves to keep pushing it lower and lower throughout the night, and open it as negative as possible, and use the stops on the open or liquidity to cover their shorts.
Only 1505? I could be ruined. I am hoping for an effort to hold at the 1540 range breakout on the cash. These after hours are murder.
Ask now at 1549.50. Trouble is the bid size is only about 1/2 the ask size. Some seller dumps on that and we start over.
ema(4) at 1549.15; ema(8) at 1549.55; ema(16) at 1551.29. I can understand why the ask at 1549.50 didn't last. Should have been wise before I was old.
Just an fyi you are trading maily with bots right now and they will spoof the bid and the ask quite a bit. PPI gonna be announced in the am. One hint of inflation and we go down another 20 points easy.
Yea, I have seen in the afterhours someone or something walking up/down the price. It seems like people in the after hours get scared if someone/something comes on the ask/bid with any size, whereas during the day there is not so much fear in those situations.
I comfort myself thinking that they're only testing support here. But then I should realize that cash support at 1540 has already broken, considering the current premium.