What happened today and what will happen tomorrow?

Plus option expiry today is heavy. Forgot to mention.

 

I realized that last night. Seems crypto has a tendency to take major hits lately on Thursday night before expiration Friday. Assume by monday it will be stabilized again.

 

%%
YOU think that makes any difference/SPY could not find any JAN support @ 50dma?? I think it makes a big difference. The good news is QQQ=outperformer\on the downside

 

Looks like a repeat of yesterday with slight variation.

Bearish on SPY could be heading to 428 now.

That CPI report really did a number on it.

 

Imagine how bad the U.S. market would be without the big overnight rallies over the last few nights.

 

Well, some food for thought. If the US markets were 24/7, then we wouldn't have any gapers to worry about at market-open

 

Imagine how great the US market would be if we had no RTH, just overnights.

 

There are no gaps, futures are 24/7.

 

Gaps make for trading opportunities.

 

Individual stocks have no futures.