I've seen lots of frothiness over the decades to both sides. Watching the S&P the last few weeks, the downward move feels quite orderly to me. Obviously - uncertainty over Ukraine and how much we get from the Fed over the next year is weighing...but it seems like a lack of buying as opposed to motivated selling. And maybe some rotation, but very orderly.
Could be considered orderly I suppose (?) but the PA is definitively impulsive and no doubt about downside momentum. And when a market is leaning one way it doesn't take a whole lot to get it break. Stops are hit ... which causes more stops to be hit. Rinse repeat.
If spx represent the index and es the contract, What mechanism make this high correlation between the charts ? Never found answer to this Q..
Pffffft. 60% and 80% draw-downs are nothing. Just use your options-repair toolkit to do a stock-repair strat. See? Simple, you'll be fixed up in a jiffy. Worse comes to worse, just tell yourself that we are in 'Deep Value Territory'. Earnings don't really matter in the new paradigm! By the way, I know what you're thinking, but this time it's different.
How? And so perfectly? And the e-micro and the spy.. how they so correlate? and if they so correlate in motion what the meaning of volume?