The Psychology Of The S&P Futures And Today’s Sharply Lower Open
HIGH: 1958.30 Just Now
LOW: 1945.80 After Open
LAST: 1956.25 DOWN 11 Handles
TOTAL VOLUME: ESU= 1.2mil ( 400k Globex ); SPX= 2.1k
Did you think the S&P was going to crash today?
I didn’t!
The reason is simple. Most people sold/ got short before the 8:30 open, leaving no selling.
Algos chase buy stops
Goes back to MrTopSteps trading rules 101:
- No stops go untouched in the S&P -
Pit Bull’s Thursday/Friday Low the week before July expiration
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