Lol. even the consolidation ranges in this market are nearly 30 points. Trend following system, mean reversion, whatever...this is a traders market.
for me its down. but will play it cautiously. atleast to 40.00 and there about, will know better, whats the big picture.
Expected a little rally after yesterday down day, but it seems like it might be another down day again.
nice move down, next on agenda, will it make a new RTH low, a big question as next trade will depend on that move.
All of the fast action today occurred between 5 am and 8 am. That doesn't happen often. No rest for the weary.
a few days earlier, it was around 7:30 AM EST. to catch the trend you need to wake up in middle of night these days, can't do it, but RTH has enough plays with good range to net atleast 15-30 points a day these days. Hope market stays like this, dread the past when 5-7 point range was the most during the RTH.
10Y at 1.50, 30Y at 1.94!!!! Credit markets are freezing within a few weeks unless Fed steps in, it's getting out of control 30Y already All Time Low