Did you have a pleasant afternoon? That was some legit liquidation after the Apple numbers, but as a trader you should fight the urge to jump to conclusions. The close proximity of two events does not imply causation. Let that one sink in a bit.
Does lightning cause thunder? Of course not–both are the result of an electrical discharge. A more primitive man may cite mystic causes like Thor or Zeus or Raul3 and his gun show.
In my role as a low/medium frequency futures trader, I go out of my way to design systematic methods of establishing contextual ‘grounds’ for causation. My tools are statistics, market profile anomalies, simple mathematical models, and the Exodus market hybrid score.
Does it matter if a move was news driven? Absolutely, but by no means does its proximity imply cause.
A touch lower and the RCS has struck again, for glory.
Meanwhile the GARP index was up nearly a percent on the session. Carry on, nothing to see here. Leave these works to me and my team of assassin cats.
