Here is 3020 @Spooz Top 2. Impressive call. I guess everyone expected a move down sooner than later, but this fast and this much? I should really learn to just go with the flow. Took some shorts today but was way to conservative in both my targets and entries. Who would have thought one could get another 100 points short TODAY when the market opened?
Volume is undeniably tuned into this change of sentiment. The monkey wrench might be rollover. This is when the CME rollover analysis tools could be useful. oh well, looking at OI and volumes for the roll usually produces something, even if it's wrong!! The monkey wrench Im referring to is a sandwich... alternating up/down bars making life difficult through sentiment obfuscation.
Is this one of those days where we get a massive 30-50 handle squeeze only for it to give it all up after hours ? I’ll be on the look out for a move to 3050
NQ is trading a more than a couple percentage points off of limit down. Not true for other indices. Dow has hit low end of my target. It was a 1.1% zone/range target. Unclear right now as to what's next. Test of major support is now an option. Does it need to happen counted in hours rather than days or weeks? I hate that! Calling it a month. Have a nice day!