Yeah. A bit surprised by this drop in July to be honest. Maybe I shouldn't be? Open gaps below @ 4280,25 and 4286,50. Next below that at 4256. I would imagine that a 50-70 point gap down on the RTH Open would be a great buy at least for a fast counter-move on the Open.
News from China. Announced lower reserves, concerned about growth. Perhaps we will reverse as day moves on.
Guess someone made a big mistake thinking the stock market have anything to do with the economy. This is way overdone, IMO, but the market is thin in ETH. If I wasn't already long one contract from 4300, I would have bought 4280 with some size, but not interested in 'averaging down' on this one just in case.
Over the last 5 years the largest day down in July (net change) was - 1,2 %. Currently, we're down - 1,6 %. My predictive model suggests a very high probability of trading back inside and closing inside yesterday's range, but can't rule out a dip on the Open. Say within the 1st 30 minutes. Unless today is one of those days...
my retirements have been waiting for the so called “dip” about 4% ago. That’s a lot of $ to leave on the table. Hoping this can fall under 4200 so I can be right
Unlikely to see such a drop now wo reaching circa 4400. (In my opinion not to be misconstrued as talking against u)
No hard feelings. That’s what makes a market.....differing views and opinions. Besides, I’m not all out. Only 50%.