Who dropped the hammer at 8 AM PST 1/25 on ES?

[Bad_Badness]

Pretty larger orders (algo) went off. Anyone know who it was and why?

To me it seems like a logical place to take long term profits and that is all it was.

 

[destriero]

This dude went short at 7:13.

 

[KCalhoun]

I was long UVXY 250shares excited to start scaling but it pivoted. High volatility move, thought it was headline reaction. VIX spike = frothy market

Futs traders, there's likely a good aftermarket/premkt earnings release trade setup/arb opp this week?

still closed > over pdh

 

[Turveyd]

Odd isn't it, major selling everywhere, looked like the BEAR is back and hungry and suddenly a switch in direction.

UK and DAX sold off like crazy before US Open aswell.

Open -1 hour hit by a nuke, no scheduled news or news at that time I can see, China shacky recovery but shouldn't be that major, if not even a good thing for the US??

 

[guru]

This was the news at the time:
“Senate Majority Leader Chuck Schumer (D-N.Y.) said Monday that he’s aiming to pass a new federal coronavirus relief bill “in the next month, month and a half,” Bloombergfirst reported, meaning that it could be mid-March or longer before Americans see any more relief from Congress. ”

 

[OptionsOptionsOptions]

I was thinking false negative news - hence the initial sharp selloff then reversal.

 

[KCalhoun]

I was thinking false negative news - hence the initial sharp selloff then reversal.

Yeah that's what I thought when it did a full vs mean reversion reversal... thx re Schumer cv headline... I was like wtf caused this big drop

 

[Laissez Faire]

Does it matter? All I know is that today's drop filled an open gap below.

Open Gap @ 3790,50 in play as long as we stay below 22 or so.

 

[VEGASDESERT]

It's these necessary periodic surprises that blow out stupid simple strategies.

 

[Overnight]

I was long UVXY 250shares excited to start scaling but it pivoted. High volatility move, thought it was headline reaction. VIX spike = frothy market

Futs traders, there's likely a good aftermarket/premkt earnings release trade setup/arb opp this week?

View attachment 249880

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Perfect example of one of those patterns that happens over and over and over again. Drop into the midmorning, with a rise into the close. Today's was healthy and hearty. 50 points on ES, 250ish points on NQ? Fantastic!