Kudos to MMs
- Thread starter nitro
- Start date
Plunge protection team where are you?
This market is trading almost entirely on Reflexivity. Stunning.
We blew through what I consider the last bastion of technical support, the '02 lows, and to speak of levels any further from here is making things up, imo. I too can pick a number out of a hat for a lower target and it may be right. Volume on selloff was not stratospheric, but it was definitely heavy.
VIX goes out at 80.86. Perhaps this is the last train of rational analysis. A double top in VIX or a lower high may signal at least a tradeable bottom, and perhaps THE bottom.
Fear intense. Just look at Treasury yields. There is buckets of blood on the street. Metaphorically it reminds me of the scene from "Saving Private Ryan" when at the end of the first battle we pan back to the beach, and the sea is blood red with fish washing up dead on shore.
We blew through what I consider the last bastion of technical support, the '02 lows, and to speak of levels any further from here is making things up, imo. I too can pick a number out of a hat for a lower target and it may be right. Volume on selloff was not stratospheric, but it was definitely heavy.
VIX goes out at 80.86. Perhaps this is the last train of rational analysis. A double top in VIX or a lower high may signal at least a tradeable bottom, and perhaps THE bottom.
Fear intense. Just look at Treasury yields. There is buckets of blood on the street. Metaphorically it reminds me of the scene from "Saving Private Ryan" when at the end of the first battle we pan back to the beach, and the sea is blood red with fish washing up dead on shore.