too bad the YM was not open at the time would have been interesting to see if it would have "ripped" too
tempting to view it as an attempt to manipulate technicals. effectively cuts tomorrow's potential downside range in half
Don't mean to interrupt the fun in the sandbox but for the record it is a man who sings âLa donna e mobileâ in Verdi's Rogoletto. The Duke is a bit of a slut though, maybe that was what caused the confusion.
I know, but Hog would not have liked to hear about fat men singing. He's weight sensitive. Good call on the Duke.
I think the question is what to do now? No one will ever know exactly why this spike occurred although fat finger theory makes sense, is this a warm up? Kinda like the talking heads saying why the market went up or down. I know one thing, SP at 1400 is no longer a mysterious, far away proposition, high 1398. I think this is a breakout trade to the upside. I know I will have at least two stops on the downside. Kinda like a two bagger, one for me in case hers breaks. No economic news, lots of earnings tomorrow. Maybe another FOMC pause, etc. LOL.
"When something happens on which you did not count when you made your plans it behoves you to utilize the opportunity that fate kindly offers you. But as I had told you before, my experience of thirty years as a trader is that such accidents are usually along the line of least resistance on which I base my position in the market." Jesse Livermore