Bought and sold. On trade #11 right now I'm out of all long term shorts and shorted spy call positions. Only day trading ES for now Watching 200 day test Hold of 2610 ES implies back to 2530's with shot at 2506's
Everyone needs to keep an eye on these levels: http://www.cmegroup.com/trading/equity-index/price-limit-guide.html
Of course you can't short VXX....was trying premarket to short at $60....nope can't short...what the fu©k Traded as low as $45....huge missed opportunity because of course they can let you short volatility...and since XIV and SVXY are halted for good there may be ever be a way to short volatility through ETFs or ETNs!!!
Simply amazing..... They will have hearings and emergency meetings when a market is selling off to try and calm everything down, however when everything is going gangbusters and everything is being juiced up they sit quietly....this market deserves to collapse.... Treasury Secretary Steven Mnuchin said the White House is closely following the turmoil in financial markets, but they are not that concerned. "We're monitoring the situation," said Mnuchin to CNBC while on his way to his testimony Wednesday before the House Financial Services Committee on financial stability. "The markets look like they're functioning normally in terms of liquidity and other things." "The fundamental economics are very strong. The economy is doing very well. Tax reform is clearly helping earnings a lot," Mnuchin added.