FWIW... several significant astro events occurring between 10th and 14th.... all of them retrogrades. Not suggesting or saying it's time to sell the farm. There are no signals or triggers from astro... BUT, making sure to take all VALID sell signals this week is certainly prudent: not a good time for taking a long lunch. IOW, expansion/acceleration of a down move if/when started, has one immutable tendency, amongst all other real or perceived reasons/causes.
Its the weekend dawg and the nation is shut down for Friday night. ET's the ptb. Here.... hit on her. https://elitetrader.com/et/members/kiaraakitty.518918/
When the ES can move 100 points in a day range, 150 to 200 points is not a correction. Not really. I think we all now need to reconsider the term "correction", and how we might define it.
Buy the close, sell the open outperforming since getting roughed up during the panic. (next three charts are the work of Bespoke Investment Group). Nasdaq:SPX nearing its dot com peak ... no clue as to whether this time is different, just thought some of y'all here might find it interesting ... And Big Tech versus the rest of the world ... (Goldman Sachs GIR) Trade the market we have and not the market you think we should have have.
According to that chart, buying the close and selling the open has been a losing proposition since the beginning of the year. So to say it has been outperforming since the crisis started is misleading. In the long run, it is actually underperforming, and is what NOT to do. No wonder nobody does the buy the close, sell the open deal.