We had 4 days straight of S&P up for a total run of about 250 points. In my experience, that means lots of people trying to get on the side of the consensus prediction, so there's some tension to go higher unless something crazy comes from the data. It coulda happened. In terms of the trade of the day... I'm looking at ES options expiring today that could have been bought for $6 at yesterday's close (4030P) trading for $80 as I type this. Did I have any of those? Of course not, but I did ok on some spreads despite the high IV coming into the morning. My concern is when the White House starts modifying the actual numbers for political gain. I don't think that's far off. They already changed the age range of the labor participation rate to make it look better.
Soy, because you are an absolute genius, you cannot see that the trend was down for a long while? Referring only to the daily charts plotted for the last 6 months. That should be enough for swing traders and trend followers. Sorry, bro. Nobody can help you. LOL.
%% Good eyesight SoyUGan As noted earlier , could just have easy UP moved to mid month , happens many[SPY,QQQ...] SEPTembers \i remember. But good ''see'' question, because i see on the charts[SPY QQQ, inverse most any]quite a few did see most likely a trade able bear move + it was.[Premarket\ 8;30 open\ 9 CST\ most all day\another clue\ few pullbacks on inverse maybe a trend day. NOT a prediction] Premarket early futures [radio, related SPY,QQQ DIA] were down today; lets see if the down move goes to 9 CST\ sure did, so most likely a trade able move. Great thing about hindsight trends \ NOT prediction @ all. Great thing about hindsight trends\ even if all of them dont work as well as today. Greta thing about hindsight trends\ scale in \if early scales dont work /dont add or try to predict.
total lol that one famous talking head guy called a bottom yesterday, before todays crash. i happilly held my 550 uvxy overnight lol big $ day finally #fadedcramer
So, with the markets closed, let's focus on the week ahead. Outside Week or where are we going by Friday?