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.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.