Posted by racerick on 15th of Feb 2022 at 03:49 am
Futures gone wild - Right after Europe opened at 3, the futures
went ballistic. In 30 minutes the Es went up 60 points and NQ up
over 200, Oil dropped over a dollar and gold about $10. Only news I
can fine is that Russia said they were going to have a series of
military drills and live fire exercises in Russia and Belarus
starting on Feb 19. They released that news right after Euro
opened. Traders must have took that to be good news, meaning they
weren't planning invasion near term or what. Going to be a heck of
a gap up if it holds., which so far, it hasn't backed off much at
all so far.
4am update - Nearly an hour after the fact CNBC confirmed rally
was due to report that Russia was returning some troops to bases.
Gold down over 20 now and oil over $2.
Again it's interesting how technicals and news seem to go
together
as you know I've been leaning that the market would form yet
another higher low, I said that on the weekend general market
newsletter, and last night again, and late last week still when
things were really ugly.
then yesterday I pointed out the perfect bounce off the 61.8%
Fib and said that was a place one could consider being long and
placing a tight stop. In fact I went long UPRO and took it home,
albeit I didn't go heavy long LOL
anyway just funny that we favored the higher low and yesterday
we tagged that Fib
Thanks for posting the overnight summary racerick - I got up for
a few minutes prior to the European open to take a sneak peak and
noticed soon after ES jumped but had yet to see the news.
Thanks again for sharing.
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Futures gone wild - Right
Posted by racerick on 15th of Feb 2022 at 03:49 am
Futures gone wild - Right after Europe opened at 3, the futures went ballistic. In 30 minutes the Es went up 60 points and NQ up over 200, Oil dropped over a dollar and gold about $10. Only news I can fine is that Russia said they were going to have a series of military drills and live fire exercises in Russia and Belarus starting on Feb 19. They released that news right after Euro opened. Traders must have took that to be good news, meaning they weren't planning invasion near term or what. Going to be a heck of a gap up if it holds., which so far, it hasn't backed off much at all so far.
4am update - Nearly an hour after the fact CNBC confirmed rally was due to report that Russia was returning some troops to bases. Gold down over 20 now and oil over $2.
Again it's interesting how technicals
Posted by matt on 15th of Feb 2022 at 08:34 am
Again it's interesting how technicals and news seem to go together
as you know I've been leaning that the market would form yet another higher low, I said that on the weekend general market newsletter, and last night again, and late last week still when things were really ugly.
then yesterday I pointed out the perfect bounce off the 61.8% Fib and said that was a place one could consider being long and placing a tight stop. In fact I went long UPRO and took it home, albeit I didn't go heavy long LOL
anyway just funny that we favored the higher low and yesterday we tagged that Fib
oh and the fact that
Posted by matt on 15th of Feb 2022 at 08:35 am
oh and the fact that one of the ES systems were showing a long last night - unfortunately with such a strong bounce that trade is not showing up now
Thanks for posting the overnight
Posted by steve on 15th of Feb 2022 at 08:26 am
Thanks for posting the overnight summary racerick - I got up for a few minutes prior to the European open to take a sneak peak and noticed soon after ES jumped but had yet to see the news. Thanks again for sharing.