Gotta love ZERO RISK in the SP500 = $$$

Spooz Top 2 said:
Exactly, the perma bullys have been spoiled for far too long now... these long terms charts really puts things in perspective... I had a kid here that`s been PMing me relentlessly about when "the Crash" will be over so he can get back to "normal" trading.
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The thing about these bear phases is that just as soon as you think it's "all clear" the selling begins anew. Just look at last week into that VIX expiration and that 2720 level you mentioned. Market was drifting along, minimal pullbacks VIX back down near 15.00 and Nasdaq back over that 6850 level...Amazon makes an off hours announcement, guns straight up. Wham, the slow, but steady selling resumed the next day. It masks itself as an orderly "pullback" makes a false break higher and then it gets ugly (just like the March 16th bar I mentioned earlier today).
 
KevinD said:
The thing about these bear phases is that just as soon as you think it's "all clear" the selling begins anew. Just look at last week into that VIX expiration and that 2720 level you mentioned. Market was drifting along, minimal pullbacks VIX back down near 15.00 and Nasdaq back over that 6850 level...Amazon makes an off hours announcement, guns straight up. Wham, the slow, but steady selling resumed the next day. It masks itself as an orderly "pullback" makes a false break higher and then it gets ugly (just like the March 16th bar I mentioned earlier today).
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Good point, It turns on a dime, especially at that 2720 touch...when all is calm it is usually the quiet before the storm... interesting PA where you really have to have your trade on/ offered out before it hits.
 
Futures back in the red tonight....crazy volatility to come....amazon reports earnings Thursday...if they miss or wallstreet for some reason finds a reason to sell this stock off, Friday is going to be a huge gigantic down day!!! Amazon has a lot on it's plate for fridays trading ....let the fun continue !!
 
illfuture said:
If all you guys do is trade all day and look for intraday moves, why don't you trade crypto? It six times more volatile the S&P 500.
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Not easy to trade cryptocurrency and not only that but every day someone is having their make believe unicorn fairytale coin disappearing from their wallet.....
 
illfuture said:
If all you guys do is trade all day and look for intraday moves, why don't you trade crypto? It six times more volatile the S&P 500.
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Because, illfuture, as a future contract, it has margin requirements that are nearly 6x the "regular" ES? (Probably less than that by now.)

I dunno' man, go try trading a $50 per-tick contract and see how you fare in a high-volatility environment. Hell, enter 10 contracts per trade! Go on, see how that works for you.
 
illfuture said:
If all you guys do is trade all day and look for intraday moves, why don't you trade crypto? It six times more volatile the S&P 500.
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there are thousands of different stocks and even many different futures contracts each with different level of volatility.. nothing special about crypto.. only teenage fan boys would think so
 
Treasury Secretary heading to China this weekend. Expect his usual cheery headlines over the weekend. Position for a Sunday gap up in stock index futures.


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