I think I see the scenario to which you're referring -- although, I would say between 1293.50 and 1297.50 or so, but whatever -- which does line up with a tidy drop to 2300 on the NDX
The volume patterns remind me of may 24th, with an early morning probe lower on the 25th not unlike what you're suggesting here.
I suppose.
If only NFP weren't in the mix ... A lot of short-interest kindling out there ready-to-ignite ...
Bloomberg discounting ADP numbers collection and validity. Now THAT is funny you complicit "tool" of the state!
Nothing but full blown propaganda this morning.
I remember the media touting the "recession" in 05 and 06 when we were increasing jobs and GDP and they bashed the Bush admin continuously. This recession however, is getting the "sunshine treatment" daily.