I'd certainly recommend anyone with less than $50k in their account to be trading the mes and not the es today with the incredible volatility . It allows one to hold positions during the crazy swings and not get scared out .
PA hanging around just off the lows of the session.... Perhaps the traditional 3pm reversal signal is in the wings? Vol`s T day boys have a decent history of showing up late in the session!
Just got a call from my buddy at the New York Fed... They have decided to Rip it at 3pm... All systems GO! Daily Highs & then some!
From now on its not just PA, have to take into account socio-economic conditions on a global scale. Trade along and use caution till price signals what it wants to do. Best case scenario, everything gets wrapped up in a week or two, a little worse 2-3 months, worst case 300+ days.
I told him that was a very bold call... in the face of a 5 min H&S Looming & feeling exceptionally heavy heavy ... only the PPT could negate this set up!
LOL... and the cool dude shares insider info on a public thread 10 past 3 and nothing! what a surprise and I had bet the house on the tip
Great news here folks.----California is watching 8400 people and there are 28 confirmed new cases of coronavirus, yet it was an orderly slow selloff this afternoon. ---Market is healthy and ready for the slightest good news to send it soaring
The only good news that can happen to stop the bleeding is A.) They find a viable vaccine, but the CDC guy yesterday said that is a year out. B) Trump and China cancel all tariffs to give relief to the economies battered by this potential disruption. Until one of those happens, the markets will continue to close red every single day. Yes, this time it IS different.
Cooler heads prevail very soon. Once all states show infection, then shortly after that we will see infections slow and recoveries rapidly increase. Market is healthy and will be great going forward. If this was China's way to retaliate for tariffs, it will be a massive failure.