The thing about these bear phases is that just as soon as you think it's "all clear" the selling begins anew. Just look at last week into that VIX expiration and that 2720 level you mentioned. Market was drifting along, minimal pullbacks VIX back down near 15.00 and Nasdaq back over that 6850 level...Amazon makes an off hours announcement, guns straight up. Wham, the slow, but steady selling resumed the next day. It masks itself as an orderly "pullback" makes a false break higher and then it gets ugly (just like the March 16th bar I mentioned earlier today).
If all you guys do is trade all day and look for intraday moves, why don't you trade crypto? It six times more volatile the S&P 500.
Good point, It turns on a dime, especially at that 2720 touch...when all is calm it is usually the quiet before the storm... interesting PA where you really have to have your trade on/ offered out before it hits.
Futures back in the red tonight....crazy volatility to come....amazon reports earnings Thursday...if they miss or wallstreet for some reason finds a reason to sell this stock off, Friday is going to be a huge gigantic down day!!! Amazon has a lot on it's plate for fridays trading ....let the fun continue !!
Not easy to trade cryptocurrency and not only that but every day someone is having their make believe unicorn fairytale coin disappearing from their wallet.....
Because, illfuture, as a future contract, it has margin requirements that are nearly 6x the "regular" ES? (Probably less than that by now.) I dunno' man, go try trading a $50 per-tick contract and see how you fare in a high-volatility environment. Hell, enter 10 contracts per trade! Go on, see how that works for you.
there are thousands of different stocks and even many different futures contracts each with different level of volatility.. nothing special about crypto.. only teenage fan boys would think so
Treasury Secretary heading to China this weekend. Expect his usual cheery headlines over the weekend. Position for a Sunday gap up in stock index futures.