@PharmD_KS No liquidity in nq. When price reaches order level but doesn’t fill you know it’s terrible.
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ftrader
8.2K posts
I just love the video game is all.
GIF
PharmD_KS@PharmD_KS
Crazy I never knew the origin of the phrase “infinite money glitch” but damn. There you have it
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@PharmD_KS Bears already squeezed. Funniest would be going back to open or yesterday hi on nq
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💯
I said when we made a new ATH and same applies here. After a 10% correction anyone surprised that we made a new high is either newer to trading or extremely biased.
However, the speed with which it came has been historic. Anyone thinking it is normal is either newer to trading or extremely biased.
BobbyBags@bobbyb814
@PharmD_KS @NowOnNed Dalton said in all of his years trading he’s never seen anything like it
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@PharmD_KS Just an insane move. Juiced by news headlines right when it was breaking in the pre mkt
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ES nearly +300 from the breakout 🤝
PharmD_KS@PharmD_KS
Would strongly discourage attempts to fade a sustained break to new highs like this. If you’re itching to short, scratch your ass. Only potentially bearish setup from here is NQ makes a cash hours ATH and then both fail spectacularly back below. As dumb as you think it may be, price discovery isn’t the time to be a hero (hopefully marking a top with this)
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@GlobalMacroZen Poor marko. Prolly silent for a while as bears getting crushed
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No sign of selling so far for the month end rebalancing, supposed to be the largest since 2000; it's still a major squeeze $SPY
Global Markets Investor@GlobalMktObserv
‼️Pension funds are about to unleash MASSIVE equity selling: Goldman Sachs estimates ~$23 billion in equity sales from pension rebalancing this month, the LARGEST non-quarterly monthly sell estimate on record since 2000. This exceeds the previous non-quarterly record by ~25% and ranks within the 15 largest monthly sell estimates Goldman has recorded over the last 25 years. By comparison, the long-term average monthly pension equity estimate stands at just -$1.8 billion, meaning this month's estimate is more than 12 times the historical norm. With retail investors flooding into equities and institutional investors already stretched on positioning, pension selling of this magnitude could add another layer of pressure to an already crowded market. Is the market overdue for a pullback?
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@GlobalMacroZen So many tech are close to being flat or down for day and some big ones like Msft. This seems v opex flows related and maybe futures hedges but the stocks acting terrible. Seems $aapl is keeping index artificially up
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Very interesting $QQQ $SPY
modest proposal@modestproposal1
this is the nasdaq 13 day return. the other dates here are hilarious.
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@dampedspring Maybe plays out similar to yesterday and next hour or so some retrace but seems aggressive buyers or chasing happening here.
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Seller but jeez. The "Stall" and leveraged ETF buying will likely absorb. Of course deep call rolls at the close is delta for sale.
GIF
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@PharmD_KS $orcl nasty. Maybe $msft has similar and if so then qqq def impacted
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@PharmD_KS A break of 800 and 700 could be hit v quick. Someone just desperately keeping it bid above 800
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@PharmD_KS What’s up with these flash 20-40 pt drops in nq only to get snapped higher.
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@doc_mcgraw Until ppl with data like spotgama start talking about a correction. When data don’t support?
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@GlobalMacroZen Tech would need to break. Appl up 6$ that makes it almost impossible
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Is sell the news event or profit taking later today possible & we close down 1% or more? $SPY
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