Without reading the article, if he is right, then what was the reason for similar, end of day rallies: 1. 5 days ago 90 ES pts in one hour? 2. 4 days ago 60 pts in 90 minutes? 3. 3 days ago 40 pts in 45 minutes? oh yeah: 4. 6 days ago 70 pts in 20 minutes? Could it be that the market is just volatile??? Out of the last 6 days 5 ended in a good to excellent rally and only one of them sold off into the close. Of course it is possible on each of those days someone was blown out...
Steve Leisman on CNBC caused the rally “Fed said they aren’t done and will take addition steps” news. The market rallied 60 handles from that moment on and VIX collapsed
Fed is out of ammo ... Leisman`s pom poms don`t have that kind of influence! Do people/ traders even watch cnbc anymore?
Believing that article whether its true or not is nothing but hurtful and leading you down a useless path(if you're using it or considering using it for anything other than 100% pure entertainment). Clearly bigger players than normal are involved here or if nothing else more serious selling is taking place from them. The market has been extremely volatile for a couple of weeks now. If you have any edge or any market understanding at all from looking at a chart, just pull up a much bigger chart than you normally trade and you will the action isn't that crazy it's just bigger time frames are active now. I am taking appropriate actions by trading smaller, trading larger time frames and increasing my stop / profit target. Sure if you are keeping up to date with whats going on, the news / macro events / etc in this case are big enough to potentially effects ones trading (most news in most cases isn't), none the less if you're trading your chart you should be seeing more higher probability shorts than normal, even if you were completely oblivious to the news.