A complete disaster all day for the US ECONOMY aka the Equity Complex.
There are far too many depressing comments in Traders Forums everywhere one looks - claims of suicide, anxiety, severe depression...
Sad, very sad when people lose hope and it's hinged to a bunch of Criminal Enterprises.
Unsure when the lesson is learned but apparently the apathetic cheerleading has turned to Pom Poms being lit on fire and hatred spewed without any remorse.
It is, on balance, misdirected as the FED and its handlers are entirely responsible for creating another Chase with easy Credit and Ballooning the Supply of Idiocy.
F_cking amazing how the Party... it never ends until it's too late for Pickle Juice to soothe the Hangovers.
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Swings attempted not to spook, that didn't work as the Front Run of the ES and NQ's Price Objectives for the 2/5 RT Fell very short today.
NQ didn't quite make it back to 16170, the Sell prior to falling 600+ cumulative points.
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A very Weak RT at best.
We'll see where they close it, there is certainly ZERO reason to attempt to Buy the Dip.
Far too much Risk as "Crashes" occur from Oversold Conditions and we have those in spades.
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If 3/5 is indeed beginning, look for another 1200 Ticks to be removed from NQ.
The FED's Policy error is in Full Effect.
Phones will be busy inside the Beltway this weekend.
The "safety" Bid remains Bonds as TLT finally broke it's prior High to confirm, we are setting up a larger Sell there as the next round of Prop $ beings to take shape behind the scenes in DC.
What will they cook up this time...
We'll know the Bottom is in when the FED and DC begin to phish for even more M@ expansion at an even greater rate of change.
We're aways from there, by a long shot... patience there as this Sell can run for a while longer, we estimated 2 to 3 weeks once it began - it may take a breather, and go again, but it's clear the overall Trend and momentum are completely Intact.
The Clouds supported this and we would need to see Price make and attempt to return to the Trend CLouds which will be Charted this weekend and updated so Trades know Where Price could return.
Commentaries will be updated tomorrow after 12 PM EST.
@Peterson oh and Elon announced he'll be making a new electric helicopter...
HK_L61
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@HK_L61 and a vacuum cleaner, electric toothbrush, Roomba, smartphone, electric oven, lawn mower, non-inflatable virtual companion for either sex, and he's going to Mars....
Infidel777
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LMFAO!!!
Johnny_Rockets88
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TLT isn't stopping anytime soon. Everytime sellers come in itnwill just squeeze harder when they have to buy back their borrowed shares from the iron hands of the banks. IDK why you insist on hating the bond market. i though your model was to obey not direct the markets?
HK_L61
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@jscheurichiv, TLT NO Position, but you keep on deluding yourself.