Gotta love ZERO RISK in the SP500 = $$$

noddyboy
"I did just that but I think it will sell off after the open tomorrow."

S2007S
"Just go long before the close for free money tomorrow"

Both sirs are looking very correct here. Looking very much like a bounce and green into the NY open (could be up by 1% by then) but noddyboy may have gotten closer as the timing suggests (we started moving up pretty early in london session and moving up since) that by the time NY opens it might be ready for a trend back downward. Looks like selling into any bounce will be the order of the day in NY but who knows what msm bullish tales they have to tell.

True, if there were no stops. But those without stops might be -20% unlevered on 8/24
 
True, if there were no stops. But those without stops might be -20% unlevered on 8/24

Maybe I'm not comprehending your post, but from my perspective, those who did have physical stops in the market (on 8/24) got completely screwed. Even though those prices still stand on the many etf's, very few retail traders could get in at those prices...
 
what a boring day, even my VIX ETFS were down on this down day.....market had lost all direction mid day, I even had no clue where to go, was going to place a trade on DWTI under $100 but walked away for a little bit only to see it up 10% in less than a couple of hours, sold off the rest of my ERY for a tiny profit, tomorrow it will probably surge 5%, who knows. All I know is today was BORING!
 
What would be totally sick is an epic short squeeze back up to 2030 to shake out all the pile on shorts and incite euphoria amongst the "this time is different" bulls.

Europe wanted no part of that China PMI hadouken last night and Japan will be back open again after 2 days holiday as well.

Heck even Niederhoffer called the local bottom (no doubt using TA of course):

image.jpg
 
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