JI
jimkane
Rep: 3,058
Posts: 33,089
Just over three hours until the futures open. Although there will be a break for part of tomorrow's RTH time, otherwise it's still 'game on'. I'm bored and ready for action. I'm not sure what my life would be like without the market, I guess I'd find something else that I find exciting...
JI
jimkane
Rep: 3,058
Posts: 33,089
Although that level may produce a reaction, I think they really want to shoot for that 26 level. It is likely too much for the RTH, though, unless they go ballistic on it (they may...). I think they will shoot for that level tonight. But, again, we'll see. 19 area might be a good place to rest this for now.
JI
jimkane
Rep: 3,058
Posts: 33,089
19... Amazing, isn't it? Just amazing. How does he do it? So much for the frenzy up to 26, huh? Okay, back to 'price flow' here, so watch this.
JI
jimkane
Rep: 3,058
Posts: 33,089
3D here. Just an amazing sell off of 19. I really, really didn't expect such a big reaction. I expected a reaction, and management to be triggered to kick in for longs, but this is a beautiful reaction, more than I could even hope for. Let's hope it sends this down to a new low...
JI
jimkane
Rep: 3,058
Posts: 33,089
This is awesome!!! I wish I could say I flipped from the long side bias to short side off 19, but I didn't. I just didn't think they'd have this much in them, they were so frenzied. Very curious. But you all know me, if the market is selling and it ends a long I am in and I don't get into the short side, there is still one and only one response I have, time and again:
JI
jimkane
Rep: 3,058
Posts: 33,089
Hmmmm. Hmmmm is my favorite expression today, it seems. Usually it's 'Amazing'. Anyway, the SPY has drifted back down to below the ES closing level. I'm not unhappy at all, just a bit surprised that they can't bounce this even in the aftermarket hours with nothing else trading. Very curious. I hope we see that 60-65 soon, preferably Sunday night, before we get 'the big bounce'. Then down into those 1100's, if I get my way.

