The futures are in a free fall

profit taking, then what?

 

Then punters long gamma
Dealers short gamma
And we've got vol again off the delta adjustments.

 

So pissed the stock market keeps rallying. When you talk/write, you say very little.

 

...and they are fairly enthusiastic about taking that profit

 

Then 'we'll see!'
The TRIN has been at the statistically-neutral 1.0-1.1 range. (It popped to 1.20 at one point, which is still not MASSIVE SELLLLL-OFFFFFF range....)

The VIX (THANK GOD) has some meat on it, but boyyyyy, that top-side is so nasty.
The whole *market* right now is nasty: this is not market *nor* economy-driven!! It's all a freakin' HERD OF BLACK SWANS come steamin' past.

(Yes, I wrote, "herd." I did!)

Economy-wise, "business as usual" will return, but right now, there's a fog of political/event risk obscuring the otherwise smooth sailing.

 

https://www.elitetrader.com/et/search/6426751/
Don't talk about yourself that way. Your opinion on markets, trading, etc, will be valued.

 

Odds of 58 this week or next week are obviously a lot higher, as posted last night, not like thats some grand prediction that's basically just filling the gap. Intra-day too fast right now to call here

 

Looking like a bit of panic here on NQ

 

The point is, profit takers come back in and buy the dip. Weak hands buy on the way up and sell on the way down. So those at least are two constants to generally ignore.

 

Stop masturbating to "Donnie".