I haven't figure out how to play this yet, but I think eventually we will see the futures break below the 2-week low. The last time it broke the two-week low was late October (not showing on the chart). I'm thinking it might be a significant downward thrust when it happens. We could also see a significant upthrust to 4000 before it reverses. Like I said, not really sure how to play this yet, but I see a trade brewing!!
No 2-week low in the SP futures since late October
- Thread starter Math_Wiz
- Start date
I realize you're being sarcastic, but this seems more accurate than your otherwise bearish comments. What is more important to you - to be correct in your analysis, or to make $?
This is funny. I don't know how this works, but whatever. This is the daily chart. You see that red bar that the red arrow is pointing to? That is from 6pm - 7pm today.
This thread is about breaking the two-week low. Looking back to January 18th,
you would think that the two-week low was broken today by that red bar.
But NO. haha. That red bar (6-7pm today) is being counted towards the prior two-week period, haha. WTF??
"Today's" daily bar begins at 7pm apparently, instead of 6pm when the futures start trading, is just the green bar there at the end, and so far it hasn't broken "last week's" low, haha. Will the chart change tomorrow? I don't know. You never know with these guys and their tricks, haha.
Anyways, according to the current chart at investing.com, this particular futures chart has still not broken the two week low. Amazing.