The past 2 normal trading sessions(Fri&Monday) have been mainly chop/BS. After market closes at 1pm PT and restarts at 3pm PT through futures , they sell it down. This charade has been going on during pre-crash in which they would make the chart seem bullish/neutral throughout the normal trading day, then sell it down after the cash close and reopen of the futures market.
Ex: Dow Jones was very resilient in holding support at around 17300 level(about 8 TIMES!!!! Even after FOMC 8/19, it held the 17300 level but overnight the markets broke it instead of during the normal trading session. Also throughout most of August, it forced bears to cover at support levels(by not being able to break key support and rallying sharply higher) but then China news overnight would takeout those support levels.
Here is just a simple chart to explain what I mean. 6:30 is the open because I live in the westcoast. Red line denotes normal trading session, and orange line is the big selling from 3pm reopen of futures market.
I had a previous thread related to this exact question.
"So I've been bearish on the biotech sector for quite a long time now as well as US indicies...Today I ended up covering my IBB/XBI shorts since the Dow couldn't break key support for the 4th time in a row and made a higher low.
Then aftermarket the Dow breaks key support on China/Yuan news, and of course I was getting my beauty sleep after a busy day trading today..WHAT is going on???
Am I supposed to be just trading the futures market nonstop or something to keep up to date with the smart money selling??"
I feel like I have the right bias going for me throughout the whole year. Even if I have this bias, I still trade both directions based on S&R. However I do get upset when most of the trading sessions during the day is chop or nothing more than to paint a picture of the smart money fooling the dumb money, to then fade it overnight.
My question to you guys is, do you think I am nuts with this conspiracy?? I love volatility/macro markets, but spend most of my energy&time during the normal trading session and then need to eat/sleep. However lately it seems most of the action is taking place after markets have closed and that is where I should be spending my time and energy instead of during the normal trading session. Aftermarket, volume is low in which spread is wider, so that is one disadvantage but some key moves in the market have been through overnight. Then also sometimes overnight, markets hardly move. I am just lost as into what time frame I should be trading to catch these moves.
Ex: Dow Jones was very resilient in holding support at around 17300 level(about 8 TIMES!!!! Even after FOMC 8/19, it held the 17300 level but overnight the markets broke it instead of during the normal trading session. Also throughout most of August, it forced bears to cover at support levels(by not being able to break key support and rallying sharply higher) but then China news overnight would takeout those support levels.
Here is just a simple chart to explain what I mean. 6:30 is the open because I live in the westcoast. Red line denotes normal trading session, and orange line is the big selling from 3pm reopen of futures market.
I had a previous thread related to this exact question.
"So I've been bearish on the biotech sector for quite a long time now as well as US indicies...Today I ended up covering my IBB/XBI shorts since the Dow couldn't break key support for the 4th time in a row and made a higher low.
Then aftermarket the Dow breaks key support on China/Yuan news, and of course I was getting my beauty sleep after a busy day trading today..WHAT is going on???
Am I supposed to be just trading the futures market nonstop or something to keep up to date with the smart money selling??"
I feel like I have the right bias going for me throughout the whole year. Even if I have this bias, I still trade both directions based on S&R. However I do get upset when most of the trading sessions during the day is chop or nothing more than to paint a picture of the smart money fooling the dumb money, to then fade it overnight.
My question to you guys is, do you think I am nuts with this conspiracy?? I love volatility/macro markets, but spend most of my energy&time during the normal trading session and then need to eat/sleep. However lately it seems most of the action is taking place after markets have closed and that is where I should be spending my time and energy instead of during the normal trading session. Aftermarket, volume is low in which spread is wider, so that is one disadvantage but some key moves in the market have been through overnight. Then also sometimes overnight, markets hardly move. I am just lost as into what time frame I should be trading to catch these moves.
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