Very interesting how the market tanked as soon as cash closed. I went for a run in high hopes of finally getting my + 50, but was obviously stopped out. Need to look further into it, but I struggle to see the short side here for the week in play, so may go long overnight.
Well, the ADP number was negative this morning, so check the box for the "bad news is good news". Meta goes cattywumpus on earnings and MAU outlook, so that causes algos to puke. WHOMP. If Friday's NFP is as bad as today's ADP, watch for the VIX to spike back above 27 after the report, and the markets to make new highs by beginning of March, because that will not be "maximum employment."
Lol… they really pinned that PA in that 80-85 window right to the close to tap out the weak heavies.. Seen that game before!
Bent penis chart. (Sorry, that was the first thing that popped into my head. I think I have been in drawdown for too long, not feeling well. )