When the markets opened Friday morning the New York Stock Exchange was slammed pummeled with down ticks, likely via the ‘market on open’ sale orders lining the queue.
It was an extreme event, 3rd sigma. We’ve covered these many times, you can go with them intra-day, check this freak-beast TICK out:
A TICK this low occurs 0.03% of the time according to a RAUL SANTOS 5 year study of the instrument, using high-quality raw data from IQFeed.
So when it happens there is work to be done.
Most of you would rather read low-brow political guff, but these are the tools I use to make money.
Carry on.
Hardcore traders: I categorize posts like this under ‘tools I use’ so you can look below at ‘Related Articles’ to read more about the phenomenon.
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Seems like more “work to be done” to the downside?
hey , you should have told me in the morning . . . .
RUT has marginal downside though ( 1160ish )
*tips hat*