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1st Sunday Night Futures gap up since February 16th


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#1 Darris

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Posted 05 April 2020 - 06:06 PM

For this year, including tonight, 4 gap ups, and 10 gap downs.  Six in a row, and big ones.  Couple of weeks ago the gap down lasted about 3 minutes and 30 seconds before 5% limit down stopped it.  Last trading session that hit the upper R2 resistance was March 2nd.  Most likely will hit 2567 ES June tomorrow for a R2 tag.  At Proshares 3.86 billion dollars of 1x SPX market exposure added short the last 7 days in the SH SDS and SPXU ETFs.  ES previous 7 day high 2626 ish.



#2 OEXCHAOS

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Posted 05 April 2020 - 07:16 PM

I saw the SH $174MM in net new shorting. The 7-day is at $1.09 BILLION (a record) and the 21-day is at $1.743 BILLION (also a new record).


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#3 Dex

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Posted 05 April 2020 - 07:28 PM

For this year, including tonight, 4 gap ups, and 10 gap downs.  Six in a row, and big ones.  Couple of weeks ago the gap down lasted about 3 minutes and 30 seconds before 5% limit down stopped it.  Last trading session that hit the upper R2 resistance was March 2nd.  Most likely will hit 2567 ES June tomorrow for a R2 tag.  At Proshares 3.86 billion dollars of 1x SPX market exposure added short the last 7 days in the SH SDS and SPXU ETFs.  ES previous 7 day high 2626 ish.

 

Bear market rule - up on Mon ... down by Fri.


"The secret of life is honesty and fair dealing. If you can fake that, you've got it made. "
17_16


#4 Darris

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Posted 05 April 2020 - 09:25 PM

ES R2 basically hit 30 minutes or so after 8pm EST when they open a few of the around the clock traded ETFs like SPY and QQQ.  My TDameritrade acct shows SPY starts trading at 8pm on Sunday nights.  That taste of honey on Friday was just enough bait for a nice beginning short squeeze.  We will want to see breadth confirming any positive volume spike to evaluate any lasting rally potential.



#5 OEXCHAOS

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Posted 06 April 2020 - 07:56 AM

The Relative VIX is also still very high, even if well off the records just made. That's also "motive" for a squeeze. And I think it can be much more than the Bears expect.

 

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#6 bighouse1006

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Posted 06 April 2020 - 02:12 PM

The Relative VIX is also still very high, even if well off the records just made. That's also "motive" for a squeeze. And I think it can be much more than the Bears expect.
 
Mark


I dont understand all the Bears talk. Bears got 1200 SPX points in 4 weeks. Bulls were still bullish at 3400. Why dont people just trade this.

Edited by bighouse1006, 06 April 2020 - 02:14 PM.