Kudos to MMs

1642 first important pivot. Some will buy there, but few will hold if it goes through because 1620 is very likely if it doesn't. Some will buy back 1628-1632. 1572 is the first obvious resting point to me.
 
I'm with ya nitro. Your elaboration on market behavior posted sev pages back, about typical trading occurring ~1.5 stddev from FV is a different but confluent perspective of my own system rules.
 
Nothing to do really except sit tight short all 6 units.

1632 ish is possible support, but very mild. Otherwise 1620 may bounce. I just don't see what can stop 1572 as an initial target, with massive introspection that will happen there.

Remember, it is very possible that the emerging market is where the cheap $ went. EEM has already imploded somewhat, with far more pain to come. However, lots of that money went straight back into our markets from overseas, so there may be some sort of lag with dominoes toppling one after the other.
 
1600 is going to break any day now.

all due to macroeconomic forces .

best thing to do is open shorts in an ongoing bear market.

no stops is best.
 
Quote from nitro:

Nothing to do really except sit tight short all 6 units.

1632 ish is possible support, but very mild. Otherwise 1620 may bounce. I just don't see what can stop 1572 as an initial target, with massive introspection that will happen there.

Remember, it is very possible that the emerging market is where the cheap $ went. EEM has already imploded somewhat, with far more pain to come. However, lots of that money went straight back into our markets from overseas, so there may be some sort of lag with dominoes toppling one after the other.
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We're at all time highs Ivan. No post hoc narrative can change that.
 
Quote from Laissez Faire:

Why?
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Because that's the model. Just keep selling and then forget about all of them as you start "new" shorts at higher levels.

Also, nobody is tracking the roughly 2% ($33/yr) in dividends liable to anyone short the SP500. That's why the futures spreads are negative. He hasn't subtracted that from his basis EVER. Losses MUCH larger when it's accounted for properly.

Kudos.
 
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