Market Meltdown WTF

Well it look like the ES is having a strong resistance at 1303.25
and when ever it reach it it bounce back if it brake 1303.25 i think we are going lower

 

I think the market just farted really. Both support points on the SPX and ES have held and we still got 2 more hours left.

Basically we have gone nowhere since the January 11th SPX high of 1302 with some fun swings thrown in

 

farted yes...perfect analogy hopefully the gas clears up in the next to hours

watch TLT

 

look at the long term for TLT - what kind of gap is that exhaustion? capitulation? what?

 

bonds look like they're going to puke.(very tired)


bulls are coming.

 

It does keep trying that area- Plenty of time yet for a break through. I am not calling that , but a test of 1300 wouldn't be out of the question I wouldn't think. A close below last weeks close I think creates chart damage.

 

its over, the markets couldn't even manage a dead cat bounce today. we won't see new highs for a long time now.

 

wait, patience, hope da last to die..

by da way we up 0.10% since start of week on all da indexes.....so far

 

When was the last time SPX had an intraday trading range like today's (approx. 20)?

 

I think we'll see higher volatility from here - however you measure it - VIX, variance, range. My guess is that VIX will exceed 20 before the end of the year - and this will catch a lot of people who are short volatility off-guard (mostly covered call writers who might not realize that doing a covered call is essentially the same as being short a put)