Gotta love ZERO RISK in the SP500 = $$$

noddyboy · Oct 17, 2017

Aj2014 said:
We're dumping here. Is this the drop that ET has been praying for, for the last decade!?

Huh? What drop?

Rickshaw Man · Oct 17, 2017

SP500 futures, three charts, day, week, month.

Maverick74 · Oct 17, 2017

Can anyone spot the US market? It's all the way down near the bottom.

Eurokopek · Oct 17, 2017

Maverick74 said:
Can anyone spot the US market? It's all the way down near the bottom.

is this for 2017? For example, I see that FTSEMIB is up around 16.6%, DAX 13.3%, IBEX 8.9% yet Spain is ahead of Germany and Germany ahead of Italy. Greece hasn't been wiped out this year either. HK performance is closer to 30% than it is to 5%, too..

I'd also add that S&P is 14.2% up and eurostoxx50 9.85%, so european performance as well performance of many other markets is due to USD weakness.

Rickshaw Man · Oct 17, 2017

14 Day RSI on Monthly is the highest its been in the last 17 years, thats as far back as my charts go.

hurricane_sh · Oct 17, 2017

Just bought some es put options. I don't believe it will rise forever.

Maverick74 · Oct 17, 2017

Eurokopek said:
is this for 2017? For example, I see that FTSEMIB is up around 16.6%, DAX 13.3%, IBEX 8.9% yet Spain is ahead of Germany and Germany ahead of Italy. Greece hasn't been wiped out this year either. HK performance is closer to 30% than it is to 5%, too..

I'd also add that S&P is 14.2% up and eurostoxx50 9.85%, so european performance as well performance of many other markets is due to USD weakness.

These are the country ETFs that may be off from where the cash indices are at.

Maverick74 · Oct 17, 2017

Rickshaw Man said:
14 Day RSI on Monthly is the highest its been in the last 17 years, thats as far back as my charts go.

And that information and $3 won't even get you a coffee.

Rickshaw Man · Oct 17, 2017

Here is a 25 year SPY chart the last time SPY was this overbought was 1996. Note it stayed overbought for the next 4 years.

Overnight · Oct 17, 2017

Scary looking chart for the shorts. But hey, it is zero risk. Look at 2008. There is SO zero risk there. We need to just put all into long on ES futures with 3-6 months expirations. Surely they will never go down below entry before expiration! NEVER!