Quote from Lawrence Chan:
JSS,
Your composite is in a rising wedge.
It must breakout upside fast now, then a huge pullback will likely be a bet the farm setup for going long.
If not the wedge break down implies a retest of the start of the wedge?!
Maybe more data can help us see how this composite behaves ...
With the ES over 1114, the guy who sold tens of millions of SPY Friday night and lost a few hundred thousand dollars should be looking for a new job right about now.Quote from opt789:
You canât ask for a less likely time to trade then New Yearâs Eve after the market closed and with all the futures markets closed, but someone has been selling hundreds of thousands of SPY significantly lower than the close. The ES closed 1113.25 and the equivalent trading going on in the SPY right now is 1106. Seven points wasnât much in the volatile days but it is a lot now.
Does he know something? Is he afraid of a margin call next week because he was out of line at the close?
Feel free to come up with any other theories.
the djt and spx key off each other and oil keys off dollar,they are all basically the most looked at in US so they might make a good barometer to use against some currency baskets which someone else will have to decide the important match ups, you may also get a fakeout in one of these indexes which doesnt show on the newer one in question and it could be a good fade indicatorQuote from JSSPMK:
you could mix anything, but why would you want to do this?
Quote from ammo:
the djt and spx key off each other and oil keys off dollar,they are all basically the most looked at in US so they might make a good barometer to use against some currency baskets which someone else will have to decide the important match ups, you may also get a fakeout in one of these indexes which doesnt show on the newer one in question and it could be a good fade indicator
