From reading here it looks as though quite a few could use the zinc shampoo as today's price action left many of them scratching their heads. Today was a one way trend day and most HFT bots were out of the market after 10 AM because trend days are not days they can take the tail risk as the market is moving too fast in one direction and the spread is too much of a moving target even in the dark pools. Swing algos were short from about 10 AM on - some since Wednesday- and many were covering into the mid-high 2990's for the reason mentioned by @Spooz Top 2 in one of his posts. All the way to the top.
Not sure, but as I've said here more than a few times, there's certain nights when you have to take into consideration the entire big picture of what has happened in the last however many newsworthy days... then look at the close that afternoon, what happened that day, and then look at where the ES is after a few hours of trading. That's not retail tonight. Oh it might be a bunch... but they don't move this pig... thats smart money. Take 3043 and close it for now. 18 points always works.
Nature of the beast... evolution of trading... few years from now, this place with be filled with new user names... soon to be vaporized once again.....
Lol, well not many were really posting bullish positions on here, right? Apprentice was bullish, but we closed out his position nicely before the drop. I sure hope no one was Ball-to-the-wall long going into yesterday. Yesterday was definitely a middle finger day. The magnitude and speed surprised me for sure. Options got really expensive yesterday, so I'm light at the moment. I think 84-88 should get tagged today, but ultimately, I'm looking for vol to come in a bit. Still holding my WORK play (entry was 31.52 and not full size)