Agreed. I was short 15 mins after the open and closed early unfortunately. Lets see how it goes I do think FOMC will push it higher
just wait till FED.. market EUPHORIA will return .. it can only go up.. BOEING SO CHEAP OMG.. every stock is a buy.. there's TONS of cash on sideline just itching to go ALL IN on SPY/DIA/QQQ.. the higher the price the more demand there is
My guess would be that the low volatility (10 VIX) algo's basically just walk away if there is any sign that some real selling is going on. This is a market full of liquidity vacuum's, which typically revert back into the no range algo chop, but not this past week. Someone on another forum also made mention of this algo that seems to bid it up very quickly only to hammer it right back down, over and over again. Noticed it around the time Mnuchkin began with his flip flopping dollar comments.
So anyone doing the overnight risk premia trade? Where is rickshaw and aj and jamesblack and the other dudes?
I may abstain myself...all the larger timeframes are in downtrend mode and if anything i therefore want to sell.