Who dropped the hammer at 8 AM PST 1/25 on ES?
- Thread starter Bad_Badness
- Start date
Another day in the markets that will live in infamy. A large drop by midmorning followed by the usual rise into the close.
Gee, maybe it wasn't Trump Tweets after all?
https://www.zerohedge.com/markets/reason-behinds-todays-surreal-market-action
Here comes the NQ earnings train. Hold onto your potatoes, Dr. Jones!
Sounds like the Bloomberg news report was just a catalyst for something already prepared. The fact that it reversed rather quickly and did not really do a major retest is interesting and worth noting. It also sets up a hangman on the daily. A lot of buyer came into rescue the drop. That is a lot of "buy the dip" energy spent. This week should provide more action.
Personally did not trade it and never do those types of moves. Prefer to stand aside, but like to inspect the action. Sometimes they are the precursor to black swan type events. Moves like that provide plenty of action and I don't need to capture "the move".
Personally did not trade it and never do those types of moves. Prefer to stand aside, but like to inspect the action. Sometimes they are the precursor to black swan type events. Moves like that provide plenty of action and I don't need to capture "the move".
:Not sure I would call this a hammer drop. I was watching both SPY and VIX rising at the same time this morning and ended up selling near the top. My experience thus far is that both of those rising means tectonic plates are building pressure up fast.
