LOL, its just a little odd to me how easy they are making it to short, that's what is surprising.... like zero effort to force any shorts out.
Stopped out of my long for 1 point profit @ 90.25. Gave back nearly 90 points on that one, so that's an impressive feat. ES and SPX filled the gap from Monday now, so this could be a potential reversal zone, but the markets are looking very heavy from here, so I'm done for this week on a swing basis.
today should have found support much higher and chopped between 4414-4440. This is liquidation hence how easy it is
I know, but typically liquidation has a much higher velocity generally speaking no? This price action could be construed as them slowing forcing weak longs out to accumulate more, that could be there intention to trick people. I mean that isn't what I am seeing, just saying could see some people making that argument. Was just expecting a quicker, more powerful drop if we we're going to get down to these levels today. But obviously what I expect is irrelevant. It's been a tough day for me personally, profitable but really had to fight for my profits.
Things are about to get real colorful here in the last hour. "Ladies and gentlemen, please place your seatbacks and tray tables in the upright position."