Welcome to NexusFi: the best trading community on the planet, with over 200,000 members Sign Up Now for Free
Genuine reviews from real traders, not fake reviews from stealth vendors
Quality education from leading professional traders
We are a friendly, helpful, and positive community
We do not tolerate rude behavior, trolling, or vendors advertising in posts
We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community. It's free for basic access, or support us by becoming an Elite Member -- discounts are available after registering.
-- Big Mike, Site Administrator
(If you already have an account, login at the top of the page)
Back in February 2016, I made a post regarding what was up with all the buying at the ramp and close.
Here is the pic prior to the major bottom in markets.
Now I am seeing similar traits on the tape but inverse. The past few days has been EERILY weird. You can see for example on TF and on other majors, we have been testing the lows all the way down to 100% instead of making a higher low intraday. It honestly seems like the big boys are taking every opportunity they can get to SELL. But what do I know
Intermarket analysis that I do is starting to show bearish signs and with today's action...it seems to be confirming it. Now the only question is the volatility drop today into the close. My guess is that we get a huge selloff in volatility to (fakeout) and pretend everything is fine and no fear rally to the moon in equities before reversing much like we did in Feb 2016.
Are you aware of the 3:30 ramp? Usually at that time ET, indexes like to rally into the close(probably because we are in a bull market). But its usually smart money since big forces come into play during the open and close. So when we were near major bottom in the markets, the smart money was buying at those times accumulating while the tone of the market was very bearish.
Now I feel the same thing is happening but inverse....
