Me too i am taking my ball and going home..WTF
Stock Market Today - Intraday discussion - Page 6182
Without looking, I think implied volatility today is about 26 handles on the /es. So if the LOD at 1192.50 holds then the close could be in the /ES 1218 area. There looks to be a low volume pocket around 1217, and it seems as if we need a demand test in that area. Previous test earlier today was rejected.
I was holding some TVIX from yesterday at 55.26, was trying to find a comfortable trailing stop to keep me in the trade when I saw that large green candle appear out of nowhere on the /es 5minute. Bailed my position felt like the right thing to do..out at 64.12 :)
Maybe this is all part of the EU's plan to have investors bail them out.
Set up a hedge fund with 700 Billion Euros in it, cause market swings based on announcements and healines, and simply be on the right side of these swings every time. They could have raised tons of money by now and it would have come out of investors' pockets.
Spot on man, 26.25 pts. So with a 20 handle range now, we can easily push the range 6 handles wider, in either direction. We have been seeing lower volatility in day session ES prices recently, when you talk about the range vs what VIX implies, but it has just reverted to what we can normally expect during high volatility periods compared to the preceding month when we were probably an extra standard deviation more volatile than ES is even during heightened volatility... if that makes sense.
I stepped out for lunch about 5 min before the Merkozy BS headline hit and well I am not surprised, but would not bet on the range expanding to the upside today. Lots of eyes on the 1170 area for a potential target on the pullback. (1231-1068 is a long way, a 38.2% retracement is 1180 so 1170 would overshoot that a bit).