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In after hours tonite, we bounced off 3106. I just want to ask everyone....why that level ? What was so special about that level ? Fib retracement level ? Previous high or low ? 50 period moving average ? Why not 3108, 3110 ? Point is: isn't it stupid to try to predict the exact price of these...

My question is: Can all great gamers become great traders ? I think we need a course: "Trading for Gamers".

Wow, looks like the bull crowds got crushed this afternoon....the VWAPers, TINA, FOMO, Dip 'n Rippers...... Did I forget someone ? Especially amazing was the PA at the tick level in ES around 1:30 - 2:00 pm...just before the move down. It was "zorro-like"....up,down,up,down...my indicators were...

You mean the land of fruit cakes and nut cases, right ?

Looks like it jump-started at 2:37.....

https://financefeeds.com/global-brokerages-bankruptcy-case-triggers-stay-legal-actions-brought-investors-ex-clients/

I'm showing 18 pts RTH range....and sine wave PA. NQ on the other hand: rockin........ "Keep On A Rockin Me Baby"....remember that song ?

Can China be trusted ?

Blow-off top coming.....maybe by the end of July. By then the 2nd qtr "no-no" reports will be out: - no sales - no earnings - no dividends - no guidance - no employees - no offices - no raises - no bonuses In addition, no one paying rents, mortgages or taxes. Welcome to the new "no-no"...

DId I hear today on Bloomberg TV that short open interest in the E-Mini equities (ES/NQ) is at a record high, or something like that ? I could only find this on the CME website.... https://www.cmegroup.com/market-data/volume-open-interest/exchange-volume.html I can't seem to confirm their statement.

This just in: Home mortgage delinquencies reach highest level since 2011. That means in 1 year, the market will be flooded with foreclosure properties. So your strategy is: sell your house now, rent for a year, come back into the market and buy cheap next year...

Bloomberg news item: Sales of previously owned US Homes fall to lowest level since 2010.

Yep. I'm actually in Philly and can confirm this. Well, this just makes sense since no one is moving for a job as now the jobs are AT HOME ! No need to move....thus no need to sell. That just explains the current RE market to-a-tee. You would think there are some hurtin people out there that...

Zandty - the only thing I could find is this: https://www.timberindustrynews.com/softwood-lumber-production-u-s-rises-5-2-q1-2020/ The other things....and the usual in today's markets: 1) short covering 2) massive Fed liquidity affecting any and all markets...i.e. providing hopes for a rebound...

I am not going to dispute that...but at the same time, what about taking the money back from the "big boys" ? Yeah, that ain't gonna happen any time soon.

Yeah Bone, but this so much highlights how much the HFT firms, Goldman, JP Morgan, Morgan Stanley, etc. were in bed with Terry Duffy and the CME. They were "untouchable". What great justice in the financial markets we have....LOL ! This just highlights how much we retailers and Nav were...

Yeah, but the rules are mute when no one else is in compliance. The huge question remaining (and this should be for the movies)..... would Nav have stopped the spoofing and shut-down his algo if the other big players were forced to stop spoofing by the CME and CFTC ? WOW, THAT IS A HUGE ONE ...

Well, I want to dedicate this article to "TheApprentice" who has had so much success lately in both US and European futures markets. I had no idea how much influence the DAX futures had. After Friday's actions in the European markets, I am now a believer....despite the fact.... that specific...

Sorry, I meant to refer to the "big boys" who are in bed with the exchange with their huge volumes. I am talking about Goldman Sachs, Morgan Stanley, Deutsche Bank, JP Morgan, etc.

Bone, you are absolutely right.... and there are signs that he had multiple disorders including autism, aspergers syndrome and bi-polar disease. He kept secret the $70 million from his parents where he was living ? He didn't spend any money ? He actually bought a cheap VW and then stopped using...