Hey, what did I just miss??? ES plunked from 31 to 23 and back to 32+, on what might best be termed "opening" volume. No economic data release that I can find; no headline 'dropped' at that moment. My usual sources have no explanation. Were it only price, I wouldn't give it a second thought, but it was BIG volume down, and bigger volume back up. And since then, just the usual pre-FED be-calming-ment-ness. Any help? Did someone raise/lower the wrong window shade were the FOMC is meeting, and wrongly semaphore a signal?? I dunno. FWIW, market is currently 3034-ish and still becalmed.......
Hi, Was wondering exactly the same thing. Though I was short 6 micro contracts at the time, so took full advantage. Happy days. TDUK
CHILE CANCELS APEC SUMMIT IN SANTIAGO NEXT MONTH: PINERA https://www.zerohedge.com/markets/algos-freak-out-chile-cancels-apec-summit
According to Zerohedge, Chile canceled the APEC Summit, where Trump and Xi were supposed to sign a deal. https://www.zerohedge.com/markets/algos-freak-out-chile-cancels-apec-summit
Thank you, gentlemen! I think the Chilé cancellation fits the bill -- it sounded like a nail to the chest of China/US trade resolutions, and then some humans stepped in and read what was going on, and concluded "Nooooo, no animosity here -- nothing at all to do with the parties directly -- "we're good." (Followed by "BUY! BUY! BUY!!!!") Thanks all!
What was interesting for me is that it hit an intraday resistance level on a certain chart I use and then went right down to a Daily support level and bounced right back up. After that I thought well nothing to do now until the report comes out. So now if it breaks 37.50 or 28.50 it should be a good ride. I have more of a bias to the upside today and pull back tomorrow. I never risk more than 1.3 % on any given trade so no big deal what it does. By the way Tom I lived in Carmel and Zionsville for many years.
Yes! It popped from 35 right through to 40, and shortly thereafter, 3045 for a while. Nice call. [Heya, former nearly neighbor!]