The bottom feeders won’t be satisfied until grave capitulation hits wall street. There was nothing redeeming about trade today. The 10:30am buy only took place in FANG. Participants cringe at the thought of owning any other company. Breadth was a scant 26.03% on a flat SnP.
What forces drove the maddening (no John) trade this morning in the futures, I have not an idea, but it was the first time in well over 6-months I became woozy. It was the biggest/fastest chop I have ever seen. However, I doubt many felt the sting of these actions. We need a different sort of pain.
Or today was the last flash of madness and we are set to begin the famous OPEX rally of 2015–the kind that works through Friday then rolls over the following week. The action has certainly taken me to the brink of reason, as I went out and bought TNA for the first time this year. TNA–the 3x bull Russell ETF. lol
Soon centaurs will come kicking and neighing down the streets of wall, hooving reindeer in the scrotum and taking all the presents back. This is how the Christmas of 2015 will be remembered.
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Incredibly fat finger? Shred style. Chance they just wanted an Aug low test on ndx? Spx/ES was also right near that important lower range zone.
Shrek not shred. Lol
I am about to shred gnar until my face falls off
Better than being the dude in the “shrek is love” video I guess. That’s how I felt when I tested a couple longs last week.
Love the Youtube clip –
Where does the downward bias come in if we closed higher today?
*just a thoughtful question not a jab – I’d like to know what I may be missing*
bad breadth, narrow participation, gut wrenching chop…you know, same case the bears always make
Why buy TNA? Exodus hasn’t said to go get it. Otherwise I’d load up. Must focus grasshopper.