Extremely Intresting Market Still Ahead: We Are At A Crossroad

the close sets up the stage for an interesting Expr that's for sure.

 

I'll bite. Market up overnight. It is a bit to low at 1069 for tomorrow's expiration and it is easier to push it up overnight than during RTH. A squeeze into expiration may be on the way After expiration however I haven't a clue other than expecting further weakness until bottom somewhere in the 970-1050 area. And we ain't far from there right now!

I'm going to the cocktail hour to the strains of "Deutschland, Deutschland, uber alles"

(Entschuldigen sie mir bitte, leider habe ich kein umlaut, und auch ist mein Deutsch schrecklich.)

 

E-mini S&P 500 (Dollar) Jun 10 1063.50 -6.50
E-mini NASDAQ-100 Jun 10 1791.25 -9.25

Longs are being squeezed even in AH, so a nice bounce should be in order for Fri. My game plan is to squeeze more longs for 1-3hrs in the morning and only then let the rally happen.


Chief Market Maker Shortie Out

 

after eyeballing a few charts the conclusion is very simple: we should be experiencing a meaningful bounce any day now, UNLESS it is the "dump everything" scenario a la Oct 2008. Therefore, if you believe we are in 2008-like situation - you sell, otherwise you buy.

Shortie Berra Out

 

Actually, your German isn't that bad, umlaut or no!

 

well.....you gonna go long or short?
I say positive close tomm.
but I just go along for the ride as a fader.

 

Futures have been very active, was it japan, which opened way down and the es responded by going up ?

 

Mods on ET must get paid $2 millions a year to be able to make these brilliant calls.

 

my shit's upside down. not too bad but nonetheless.....

 

i'm holding longs overnight. i have a lot of doubts whether it was prudent. likely will get raped in the morning and be happy to close b/e in the afternoon.

such is life...