In the old days, I'd say that it's front running MOC orders in a bull market...but nowadays it might be attributable to a feedback loop
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
Would disagree with "it isn't important". It is important to know why otherwise it might just be some spurious correlation.
Sure, it is important for some. I am over analytical. I would be more profitable if I did the "shoot first and ask questions later" thing a bit better. But this is based on 10 years worth of data. So possibly not spurious correlation. Also, probably not something tradable by itself. But certainly something that can be incorporated in existing strategies by tweaking exit timings to see if it performs better
I also noticed in the twitter feed that there is mention of the infamous 2-3am futures ramp...that one has been going on for at least a decade.
yea, the more I saw people getting blindly bullish last few weeks the more I felt your shorts were safe.
Behavioral conditioning for blind sheep "buy on the dip" ....as the bullishness increases in the face of major major red flags, large long players have a chance to sell (distribute to the bagholders) as its always been. And the conditioning got outrageous from late Nov till just last week.
Problem is there are lots who know how to short the market well, so as more begin to turn short and the crowd thickens, the squeezes will happen. Its strictly a short-term, quick change traders market.... but the big red candles downward are certain...double top on the ES 2100 sticking out like a sore thumb. More than that a general top in the approx area of just over 2100 is even more evident. been watching 2050 for a while now
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gotta be some news out of the london session...maybe miners or miners bonds solvency?
doubt its wti crude... thats not new information just now....could be Brent news though