Tonight on CNBC: "Markets in turmoil as the S&P 500 trades down to prices not seen since this time yesterday!"
The last few times we saw an Outside Day like this we did not take out the prior day high the next day. ES still marginally green for the week. NQ down a percent closing at weekly lows. Would guess we're stuck in the lower half of today's range tomorrow with the possibillity of some continuation lower (5600?). This could be the start of a minor correction. Didn't expect it in July to be honest, but who knows.
Nobody 'kills' anyone. Any trader who takes a (big) loss does that to himself. But that may be just semantics. Regardless, bulls are fat on profit after this monster run, so they still have the upper hand, IMO.
shhhhh!!! The market is extremely quiet. Don't make a single noise. The big boys are not trading. So we also don't trade. The mm has to kill himself because no one is trading. The big boys are waiting for the big news that is coming up in about 3 hours. Meanwhile, I will take a 3-hour nap.