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"Everybody gotta die sometime, Red".

Yes the emergency rate cut spiked into the broken TL going back to the Dec 2018 lows. Considering how much air is in this market (Tesla 735, Apple 300, etc), 2500 area connects 2016 and 2018 lows.

Appears to me that SPY/SPX are going to straddle that 200d MA. Its already completed a rejection on the downside of the channel line from late 2018 lows thru last Oct lows.

I respect your analysis, one thing that I would point out, is that during the "bear phase" whether it's very short term or more extended, the typical structure are alternating large range days. So you get a panic low into the close one day, the drift up and close on the high the next, then the...

10 year still in panic mode. AAPL still hovering around 300, TSLA mid-700's, NVDA 280, the list goes on and on. Even reasonable, ordinary "pullbacks" in the tech sector would hammer the QQQ/NQ/NDX. Meanwhile we've had an emergency 50 bp cut, assurances that more cuts to come. Remarkable...

OP's user name tells you all you need to know. Probably a vengeful R-Hood bagholder.

Didn't read the attached article, but late last year Zell went on record that he was buying beaten down energy sector names. Contrary to widespread belief, there are sectors that have been annihilated during the blow off highs. Just look at OXY, SLB, RIG, HAL, etc. as an example.

Next time smoke the stuff with lower THC.

It's tough sledding with long outright calls with VIX at 32 (and presumably getting crushed) if ES were to rally to 3700+. Need a spread of some sort.

"wealth transfer".

How ya been Francis?

That throwback touch was what I wanted to see. Granted it's still choppy as all hell.

Similar story for much of the energy sector stocks. Charts on those look like what you'd expect 12-18 months into a bear market.

You just get sprung from the joint? Or some heavy day drinking tough guy? Secret footage of wildchild tossing a pigskin.

I see what you are doing. Trying to trick the algo's into a flagpole rally to get you out of that Micro NQ trade.

As a counter-point, this will be third significant swoon in February over the past 4 years. Feb 2016 was an epic downside event, reversed when Yellen decided that raising rates was no longer on the agenda (after turning decidedly hawkish in 2015 and crashing the markets in August 2015 following...

It is an interesting parallel 2000/2020. Y2K liquidity injections in late 1999, the LTCM bailout in Oct 1998 (similar time lapse) to the lows in Dec 2018. The reddit options boards are analogous to the mIRC boards on 1999-00 when there were hundreds (even thousands) of retail specs (not to...

The server farms are resting for a few days.

True. So the O.P. may well be right since cash market was closed. I don't completely remember details of Aug 2015, whether there was a halt around the open.

That would be the whereabouts of the 200 weekly MA, exactly where we tagged on the lows in Dec 2018.