so far no reversal, good. the pullback probably is being bought as expected.
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SPX .. oil ease, indexes ease… mind the lower morning gap.. should it all fall apart.. not sure.. cyan line one more higher high?
oils big spike = indexes big spike.. AAPL at near LOD descending wedge 3 days.. AAPL break, market breaks
twitter feed said a fund that bet long on Italian bonds is down 50%, went on to claim that half of yesterday's bond action was margin clerks liquidating client positions.
Somebody is really a bad trader or has a different objective. You can see the three volume spikes where they overwhelmed the market with buys. Note the cumulative bid/ask delta bars in the bottom box, the 20 day relative volume and of course the buy sell size on the 5 minute price bars. Somebody wants this to go up or they really don't care what they pay.
I am a total idiot. End of month on Thursday, so window dressing plus some sort of option expiration. When Citadel and the New York banks join forces they really can move things (for a while) and who in their right mind doesn't think the central bankers are desperate to paper over the Italian situation.
the pullback indeed was bought again. since still no touch of ema20, so my guess is bulls may still have legs.
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It was the Field Street macro fund that lost half its value and I overstated the margin clerk thing, the correct word was "much" not half. I should not paraphrase as memory is one of many things I am loosing