Man I thought about jumping into a lot of leveraged stuff thinking we would bounce into the close but chickened out cuz I'm not seeing any volume coming in. we might test lows again before the close.
you and me both...almost went long /ES ( should have ), but chickened out as well...oh well, there's always next time
When was the last time we were down this big on “no news”? It was always something like trouble from European banks and Brexit, today we pretty much had no major negative news
yep, that's why I think it's a BS down move.....no reason except to take advantage of panic selling...IMO
I agree, lots of people either forgot what it's like to have a few down days in a row, or haven't ever experienced it! Big money is taking advantage of this and just getting themselves some budget deals. Wouldn't be surprised whenever this dip ends if it recovers fully within just a few weeks.
Those who got into the market after the elections in 2016 definitely haven't experienced something like that
Used to be they would make up an excuse like Greece, Brexit, etc..... @StockJock-e mentioned once that the SPY cannot trade in a parabolic fashion...and he was right...lol...they sold the crap out of that move up.
