very close to the bottom of sort, this is how I trade this type of market, short it but get ready to reverse at any moment with entry price in mind, right now no buy under 59.
My comments are for entertainment/educational purpose only. NOT a trade advice.
BOE, nothing new (I didn't even know they were up to bat...not that they had the cred either to stop this). Many reasons for my belief in this freefall, but central bank impotence tops it...its a majour change in market perception as well as policy, which as we all know,...has been the ONLY thing over valuating this market for years. (theory: they know they can't stop it, so they will not lose more cred trying to) We'll see if further confirmation plays out however the after fed close on Wed power hour was strong with conviction, and nasty. The weekly spx is ugly , shooting star with confirm .