Let us back up a few hours and reevaluate this ES move last night. What we know for sure is that some traders got whacked as stops were hit. LESS made money as BUY stops were hit also, but indeed most were STOP LOSS hits.
So forget the reasons WHY. Who really cares except as a lesson learned, i am opinion that it was simply a NORMAL imbalance in the server. If i am wrong, again so what.
The bottom line is: The REAL answer is on the CHART, price did what it did and thats it...........
If anyone knows a CME member etc and gets a good source answer i would appreciate if said person would give us an upfront in here. Thks in advance.
TA is about believing what you see, answers are for those that need every wig, waggle explained. The answer they should really be looking at is the one at the bottom of the days sheet. thks.............
When people need answers aside from a lesson learned, they are lost in the SMOKE SCREEN of the mkt. The mkt is there for THEM to make Americas business money, NOT small fish. 90% of what the press, CNBC etc tell the public is poppycock. Forget answers, just pick their pockets before they pick yours. Good Luck ...last post, but later i will look to see if their was any member of CME with an upfront. good trading today.
I get excited about these moves because i for one haver learned how to avoid them. Weekends aew not cool to trade THIN mkts....:eek: