This is a theory based on speculation. Normally, we don't speculate but this is backed by technicals.
Trump addressing nation at 9 pm today. Keep that in mind.
All day, market's been dumping. We finished around -1.75% in the red.
NQ1!
Now hear me out. At MOC, we dumped 100 points and the low of day was literally the 3:59:59 pm candle. EST of course.
What happened after 4 pm? Pumped 110 points almost instantly:
Why did that happen? To cause a gap after market and then get dumped on during Globex.
Potentially: what caused the dip? Sure sure some news. But what caused EOD dip other than Market On Close Imbalance?
Potentially: someone knows what 9 pm will be about (Venezuela War?), "My fellow Americans, we're going to war". Something like that. Recall: GWB II & Iraq.
But why address the nation at 9 pm in Globex if it's not bearish? To cause as much dip as possible and let it settle overnight where buyers can buy the dip. That means people who dipped at 3:57-3:59 pm get in lower tomorrow at 9:30 AM.
What's my plan? Trade shorts in Globex tonight if I do trade.
So far the theory is theorying and Globex is dumping with tp below NYC close:
Will probably aim to buy dips low low 24ks tomorrow after market open. Remember the people who exited 3:59 will wanna get in lower. Otherwise it's not worth it for em.
Disclaimer: this is all speculation backed with some technicals. I usually don't trade this way. But if we're talking bearish, look at the 4hr inverse cup & handle & 25076 support break & close below the whole day's range.
Trump addressing nation at 9 pm today. Keep that in mind.
All day, market's been dumping. We finished around -1.75% in the red.
NQ1! Now hear me out. At MOC, we dumped 100 points and the low of day was literally the 3:59:59 pm candle. EST of course.
What happened after 4 pm? Pumped 110 points almost instantly:
Why did that happen? To cause a gap after market and then get dumped on during Globex.
Potentially: what caused the dip? Sure sure some news. But what caused EOD dip other than Market On Close Imbalance?
Potentially: someone knows what 9 pm will be about (Venezuela War?), "My fellow Americans, we're going to war". Something like that. Recall: GWB II & Iraq.
But why address the nation at 9 pm in Globex if it's not bearish? To cause as much dip as possible and let it settle overnight where buyers can buy the dip. That means people who dipped at 3:57-3:59 pm get in lower tomorrow at 9:30 AM.
What's my plan? Trade shorts in Globex tonight if I do trade.
So far the theory is theorying and Globex is dumping with tp below NYC close:
Will probably aim to buy dips low low 24ks tomorrow after market open. Remember the people who exited 3:59 will wanna get in lower. Otherwise it's not worth it for em.
Disclaimer: this is all speculation backed with some technicals. I usually don't trade this way. But if we're talking bearish, look at the 4hr inverse cup & handle & 25076 support break & close below the whole day's range.
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.