Kudos to MMs standing toe to toe with these sellers the whole way down. They are getting Chinese water tortured to death. Can you imagine standing toe to toe into known redemption? People that tell me that these guys cheat and don't fulfill their obligation to make markets as a last resort, uh, you stand in front of this shit. That said, when this recovers, those guys are going to be rolling in cash. ------------------------------------------------------------------------------- Please don't worry about the professionals. The MMs and specialists will make money regardless of the market direction. In fact, you would be wise to trade with them instead of against them. Read your last sentence again.
The long edge is now HUGE, easily 70 handles. But go long and you may get run over. Markets trading nearly in a frantic the last few days. You don't want a close below 740 ish. I am taking a shot Long anywhere near 742. Danger Will Robinson!
I got smacked about the last 5 times I tried long (swing). I just can't trade es these days without a stop, and my freakin stops get hit EVERY time. But one of these days I'll catch that 100 point zoomer!
Ditto. There is one difference though. NQ was relatively strong on that day. Today it is not. Therefore chances of a selloff much much higher than that day.
I have never seen "FV" this much out of whack, not even during the panic in November of '08. Estimate ES to be 82 handles below "FV". That is bordering on colossal.