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Looks like both 6-11 initiated shorts getting stopped and shorts of earlier this morning. Seems clear to me they are targeting stopping out the last shorts up towards 1340.
I recall the feeling very well of the last two or three 4x opex days just being absolutely painful. In my mind they are like slow oil tankers, pushing many tons but doing so at a snail's pace (relatively speaking). I'm sure someone has a rhyme and reason, but the lesson I learned was, don't try to fade them. As usual, the market seems to have a mission. It won't stop, at any cost, until that mission is achieved. In my mind, that is ES 1336-1337, as I mentioned earlier, and what I am waiting for to close my long. No amount of shorting will stop it, because it's going to happen. It doesn't matter what the volume says. It doesn't matter how many big flashes of red you see on the tape. It's going to happen, no matter how many or few contracts it takes to get it there. Maybe I'm delusional, but that's how it works in my head. Even if it doesn't happen, I won't try to short it.
Josh, I hope you know I am kidding. I realy know nothing right now, just trying to watch and learn something. I hope you are right and I wish I had a clue.
You are in rare form today Gary. No better day to cut loose and be crazy than quadex! My words may very well be the musings of a stark raving mad lunatic...