ZERO RISK BABY...Thats what we been sayin..Zero Risk..Never a Loss... Someone finally confirmed what this thread has been about. ALL REWARD..ALL THE TIME..it kinda like one long cocaine holiday...aint never gonna end.
2% in a single day?? Hmmm I thought it was down heavy around mid april...didnt have a 2% 1 day sell off at all in nearly 1 straight year?
It seems like this market just alternates between "buy big tech (NQ)" vs. "buy the cyclicals (YM)", so I guess the ES never drops 2% especially with buying at the close that seems to happen.
I was surprised, too, but the numbers checked out in my tabular data. Only took a quick look. Remember, these are closing prices. I would guess a few days dipped to around 2 % on the low print and reversed higher by the Close.
SPY is limited to being down $7-8 at most. I know it's counterintuitive and I brought it up before, but the higher this goes the less percentage move each drop will represent as it just simply cannot fall the $10+ dollars it now requires to get a 2% day. The higher it goes the less risk and less volatile it becomes. When SPY was in the 300s it was easy to see 3-5% daily swings, but those days are never coming back.
Um, no, the SPY is limited to being down, as of today, $104 in a single trading session. You need to learn maths. This is wholly false. You are spreading misinformation, and are a danger to the trading community. Your access here should be revoked.
Yeah OK, I get it you don't like my posts, but last I checked this was a free country. Certainly not misinformation. If you look up data, you will see that SPY was way more volatile when it traded at a lower price. During Covid it was not uncomoon to see 5-7% swings. But that was when SPY was trading in the 200s. Nearly half of what it is now. So if it fell from 300-285 that's 5 percent. If it fell a similar 5 percent today it would take a $26 move. Incredibly difficult to achieve in a day. Again, it's counterintuitive, but it has been true. So how is that misinformation when the market is way less volatile at a higher price?