$RVX just poked to a quick LOD... then spiked up off that fresh low. Odd behavior of this often leading indicator (ultra-short timeframe), since RUT/IWM price has not (yet) reacted much. IWM is still trying to base around 157 (for a higher low).
SPY tried, nearly went flat but got kicked in the sack at 11:15. NYMO bounced off -40 at 10:00 leading that SPX run but I guess the Dark Power still pressing down on this market, WHERE IS BABY JANET???
MrMiyagi wrote:SPY tried, nearly went flat but got kicked in the sack at 11:15. NYMO bounced off -40 at 10:00 leading that SPX run but I guess the Dark Power still pressing down on this market, WHERE IS BABY JANET???
broke yesterday's low, but looks like a typical break down then sharp rebound, let's see.
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Cobra wrote:broke yesterday's low, but looks like a typical break down then sharp rebound, let's see.
USA not going to Saudi Investment Summit, as per Mnuchin. So this puts pressure on geopolitical tensions. And pushed equities lower. HELICOPTER BEN WOULD NOT HAVE DONE THIS!!!
Supposed to be lots of options insurance at the 2750 strike so I would expect the options market makers are going to protect that level if it gets to it.
MrMiyagi wrote:USA not going to Saudi Investment Summit, as per Mnuchin. So this puts pressure on geopolitical tensions. And pushed equities lower. HELICOPTER BEN WOULD NOT HAVE DONE THIS!!!