$SPX initial swing down to March 13th moved at -0.66% per day, current second swing down at -1.55% (so far), which tells me, that this second swing is an EW Wave 3 so I won't be looking for a bottom of any significance any time soon if EW sequence plays out until Wave 3, 4 & 5 are complete.
Down it goes. ES @ 4950.25 (6 digits) NQ @ 16800.25 with 1 point = 4 ticks When will NQ be 4 digits? Now it is 7 digits! It used to be < 10,000 with 1 tick = 1 point. Please go down FASTER!!!! Elderly traders prefer fewer digits due to our not-so-great eyesight.
Welcome back. For awhile. But just like everything else, Trump has put a tariff on all electronics from Japan. Maybe ITE Corp will rise from the dead and build a new Pushmatic circuit breaker factory in Wheeling, WV. Bulldog Corp or whatever it was called. (Readers are like "Huh?") ... Nevermind. Caused a lot of house fires though.
2.93%... is that a lot? Just off the top of my head without a calculator 1 hour is about 4.15% of a day. But I see your point. I think. That is probably a lot on a Sunday night pajama session. If that was your point. But elaborate on what the tells are we can derive from that. And update to the current time if you're still in the house. We're almost 4 hours in. What are you seeing.
lol. I got a few for tomorrow if it gets crazy. But I am actually going to be following the VIX. That will be telling. Not much of a futures guy, so won't comment on the swings. Let's see where this opens and how the first hour goes.
Will you be doing that before or after you post a statement saying how dead wrong you were all along after several of the folks that have been around markets for more than 3 years tried to warn you about corrections... to which you answered ---> "That will never happen." Or something to that effect. Welcome to the game sonnyboy.