It's over. Historical bull run has come to an end.

Not too bad.

Just as I expected 350-500 futures point drop at open

FUTURES
INDEX CLOSE CUR FUTURE CHANGE
25,409.36 25,073 -291
FAIR VALUE FUTURES (38.36)
FAIR VAL CLOSE CUR FUTURE IMPL OPEN
25,402.36 25,073 -329.36
Last updated: Sun Mar 01 2020 | 6:39 PM EST
 
padutrader said:
that means the market is liquid

if it is liquid it means, big moves will not come.

'big' means compared to recent moves.

I have found it very difficult to make sense of volume.

for me price is the only reality
More...

Here's a funny little bit o' stuff I have noticed...

During the last few months, average volume on ES was, oh, 1-to-1.5 million lots. On those days, the market ended higher.

On days passing a certain threshold, say 2 mil lots, the market ended down. And certainly, during the past 7 trading days, the ES volume has been 2 mil+ And every day was a down day.

Something to chew on.

If you look at your volume numbers at 8AM ET tomorrow, and you see volume at 800K to 1 million? You will prolly see a day closing in the red.
 
Day traders caution since likely lots of circuit breaker halts on various stocks will occur randomly intraday next week

Hope my TVIX doesn't do a XIV and implode on extreme volatility
 
on THE HOURLY

so far attempts at up moves have failed

recently market has tried to go down 5 times and failed.

so market will go up, until it starts to fail to go up

possible magnets and targets :3095 3183..STOP below 2852.

I would not take this trade myself because I prefer to see at least 3 attempts at highs or lows before I think about entering.



but just to illustrate a way of thinking
 
Last edited:
most times, the market tries to sense which way the wind is blowing before deciding.

this is the dangerous time for trading except if you are a hard core scalper with nerves of steel.
Overnight said:
the ES volume has been 2 mil+ And every day was a down day.
More...
high volume only means more transactions are happening ……..the market only moves in a direction to facilitate transactions.
if more transactions are happening market will not search anymore and will settle down.

expect the market to get range bound
 
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