The futures are in a free fall

[trdes]

probably another bullshit buy the dip scenario

Well just look at some of the reactions here on a relatively small pullback. Everyone buys and buys and keeps buying until there's absolutely no buyers left, than we correct/pullback/crash. Rinse and repeat. Markets can't go straight up forever, but during that time yes there's a lot of BTD scenarios for sure.

Not to mention equity markets are naturally bullish bias as generally speaking there's a lot riding on them going up.

 

[java]

I would describe anyone who bought as a result of an election as pretty weak handed and probably a fair weather friend who will sell at the first hint of danger.

 

[trdes]

This should be an interesting week, with a lot of short and long setups intra-day. Ultimately would expect 58 this week or next week, but will just see what tomorrow brings and trade it intra-day.

 

[Rationalize]

When capital realizes that the incoming Pence administration will be a whole lot more consistent, we'll pull another one of those "V-bottom" maneuvers, and go another percent north of that for good measure.

I've got a dollar that sez we have an announcement by 00:00 July 5th, and another dollar that sez Pence is POTUS by Midnight, Labor Day.

Takers?

I buy

With low vol the new normal, feels like freefall.

 

[SoesWasBetter]

Just when I lever up 100-1 the market tanks.

 

[Jack1960]

Yes, trump signing a new executive order ordering market to not go down

 

[Butterball]

Free fall as in limit down?

 

[trdes]

This should be an interesting week, with a lot of short and long setups intra-day. Ultimately would expect 58 this week or next week, but will just see what tomorrow brings and trade it intra-day.

Decent morning, kind of anti-climatic for me as I was pretty excited about today, but failed to fully take advantage of the easier short set ups, did not hold for full targets so only made portion of what I should of so far.

But day going as planned lots of action to trade.

 

[speedo]

Great morning on the NQ...both directions...fast earlier, slowed down but still clean patterns

 

[tommcginnis]

The globals (by which I narrowly mean, the DAX and DJ600) have been headed down since 0800 EST -- we're following them.

It seems "The World" is pissed at Donnie. Volume in the ES is more than I've seen in two weeks? Dunno. But the best (volume) morning in a while. I think it's a global excuse for profit-taking. Would make sense, at any rate........