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Kinda looks like the final days of last month...

This 9475-80 area in NQ looks like great short level.

We were just there 2 weeks ago.

The "stairstep" climb in RTY off the morning plunge is a pretty good example of it. I've seen plenty of squeezes in the QE era, but that 4.80% intra-day move off the lows was something to behold.

"Rounding error" bro.

He's been AWOL since Feb 26.

This RUT/RTY outperformance vs NDX/NQ is always late stage stuff. Not implying "the top", just that when the herd rotates into RTY it's about the time the rug is pulled. Also, RTY closed the gap I was watching for. Happened around 5am on another overnight magical carpet ride.

$3 trillion on a Friday afternoon barely moves the needle these days. Remember the hoopla over the bailout in the fall of 2008 and what that number was?

I don't see a test of the 200d MA on my chart of SPY. It's close (which seems to get the herd to crowd in anticipating the run to 3000), but it never quite materializes. It would have seemed to be a lay-up with these overnight runs that have resumed (Rickshaw's Delight). That said, NDX is 10%...

I've also been paying a bit of attention to that QQQ/Nasdaq gap going back to early March. It does seem somewhat surprising that SPX still couldn't muster a tag of the 200d MA (especially after last weeks textbook bear trap).

A pretty textbook failure up around the 4/20 lows.

Ok, sorry. I deleted my reply because I got the jist of it with your final sentence (I had to re-read it a few times). Perhaps you are correct about this event bringing humility to people.

Suffice to say, these might be the most productive few pages I've read on here since God knows when. Believe it or not, there was a time a long, long time ago where these types of productive conversations were fairly commonplace on here (and yes, people were respectful).

The graveyard of failed/failing 3x ETF's over the past few months is remarkable. Look no further than the JNUG/NUGT for a great example of how daily rebalancing in extreme volatility can kill both bull and bear side of these things, regardless of where the underlying eventually ends up. And...

Russell happily resuming its role as the red headed step child.

Nobody else up for the overnight fireworks? A month ago, quite a crowd.

Very similar price structure to Apr 23-24.

It might be saved for tomorrow. Now that the market is back to running off the more typical patterns, that 2965 high is a marker for tomorrow, and quite possibly the 200d MA. Call premiums get killed today for cheapie long shot calls tomorrow.

I should be surprised, but I'm not.

That's right. Very scripted.