Can't believe the market lost +4% today!

Somebody's pumping money into the market. There is NO WAY that a market that's going down would all of sudden make a 2% comeback.

 

Maybe shorts covering a bit, but agree not this much. Traded soxl eod bounce

 

Agreed. Shorts covering would've covered up to just like 383X or 384X, not all the way to yesterday's close, erasing an entire trend. This is f***'ed up. This smells like the gov't money, on one hand, hiking up interest rate and on the other hand, pumping money into the stock market to not let it fall, doing like the Chinese. Guess who's got the Chinese connection??

 

A 3.15% comeback for NQ futures. A 59% retrace of the whole 606 point range. Pretty amazing.
This market has become so volatile and yet the VIX doesn't do anything.

 

That just shows the money was directly pumped into the stock market, not through the futures.

 

Come on guys, bear market rallies are a thing.

 

huh... how do you make this conclusion

 

Uhh yea that's what it usually takes for markets to go up.

 

yup by directly buying individual stocks, not through futures or options, I mean. That's why the VIX was not affected as much. If you look at all of the tech stocks like AAPL, INTC and etc., they all had exactly the same price pattern as the S&P 500 and yet GOGL didn't.

 

You guys are losing sight of the fact that today was OPEX day on the monthlies. Short-covering rally and lots of futures buying to offset new put positions in the roll. Expect more puts coming in next week, so down down down we will continue to go (unless Putin dies).