Double bottom, volatility dropping significantly. But FAANG stocks are red pre-market (slightly). Lets see whether it gets crushed further or moves up...

Mmm.. Tesla down 15%, most FAANG down 5% or more and it’s not tanking. Market isn’t giving any clear signals now. Sit on hands.

Wouldn’t be surprised if this is just a rip to sell into... let’s see Tesla down 18% on the day. This isn’t good. I took a short during Europe. Might sell into this rip as well soon.

It just moved into dangerous territory. It’s make or break now. Volatility either eases off from here or we go bearish for the foreseeable. J Pow might want to quietly head into the back room, now...

Updare: options market showing big volume in puts to 11500 & 11400. Hmm. Suggests the sell off may not be over, let’s see, it’s still far down the line imo.

Mmm pre-market futures just went very red, especially Apple and Tesla. I don’t want to sell into this personally (at this stage) will just wait for next week and see. Market is definitely bullish long term. Fed went onto CNBC and said they like big ...

I don’t disagree... I expect if we are going to be bullish then it will probably be Mon or Tue next week before we get going. Everyone will want to be flat over the weekend after a drop. Nasdaq, S&P and Dow all touched their 20D moving average and ...

Catching a bid... chart looks bullish, still could go either way imo. I do expect bullishness but we wait for the market to confirm. FAANG stocks looking better pre-market, but not great.

Yep, agree Gian. I debated shorting today and missed that opportunity. Argh. At least I took profits and was flat as of last night I guess. Unless anything bigger is afoot, seems like a typical fear and greed move. Everyone was euphoric. Stop them ...

Nah this isn’t true. Nor is it true that algos alone cause big sell offs. When Hedge Fund algos sell intensely, MM’ers providing liquidity have an imbalanced book and have to hedge with... selling (mostly in futures markets) and that’s what causes ...

Just keep your eyes on FAANG (+Tesla), guys. That's all you need to know... at the moment it's only up, up and up. Needless to say I bought the dip at market open.

NDX is soaring because tech stocks aren’t impacted in the way other sectors have been. The world is more technology dependent than ever in a state of lockdown, actually. QE unlimited on top of this has strapped a rocket against their backs. Trade ...

Hehe

Profits taken :-) One runner left open til close.

Options market priced in a move down to 12002, let’s see if it falls any further. There’s a decent amount of calls above. Clearly it’s due significant drops soon but I expect that to be around the October elections... Definitely advise everyone to ...

I just bought the dip. Options market looks bullish. Could be wrong of course. Less risk than usual as market has limited upside / is very overbought. FAANG stocks all in the black pre market. Usually a good indication of the day ahead.

Hey, wasn't any emotion there at all - I guess text can be misinterpreted, just trying to help buddy. I'm out of the thread now. Best of luck to all!

Genuinely trying to exit this thread and not get sucked into any further debates, but want to help... - VWAP works for FX, trust me. - Tick volume has proven to be c.80-90% accurate. - You can contrast and compare against Futures markets on ...

The big boys also use the options market to determine real fair value and support & resistance levels. Genuinely hope you manage to get a successful trading system from CeeSo’s probabilities, mic handed over.

See facts Toodles - I’m off now guys, money to be made.