I am curious was there any news event? Or zero liquidity. I know it is volatile but 18% in 2 hours seems incredible for no reason. Forced liquidation must happen soon
Impressive how fast rallies are sold now. Interesting shift from the past. All it took was a month for sentiment to completely change
Just analyze the recent P.A. All of this selling comes on the back of early a.m. price spikes that were essentially weekly ranges a year ago. It's a nice trick. Spike the ES 30 pts, NQ 100 pts, etc. and then sell it back down to those lows, rinse and repeat. Constant distribution without the kind of carnage you see in crude oil, for example.
I was a tad confused at first but S2007S was trading long on an inverse ETF type stock. He's underwater at the moment, trying to predict this sort of thing is high risk imo. I would rather trade a reaction than anticipate a reaction, that is, jump on the break of a trend, rather than jumping in front of the train. But everyone to their own in this game.
Highly likely the market has hit bottom on this current pullback, upward and onward from here. That's my call. However risk is still high, one would need to be very wary.