ES MFI pegged

E-mini S&P 500 FuturesCME

Description

⋅ Oct 16, 2021 12:31 AM

Pegged at 100 all day, lol. I assume this is the beginning of a melt up.

We'll see what happens next week, but I may have to take a week or two off, I hate melt ups.

Comment

⋅ Oct 18, 2021 2:23 PM

Quick recovery from the morning dip, NQ is now green.

Still think it's a melt up.

Comments

SashaH

⋅ Oct 16, 2021 9:38 PM

so you're not expecting an immediate reversal with it being pinned at 100?

DaddySawbucks

⋅ Oct 17, 2021 1:05 AM

@SashaH, it can hang for weeks, or pullback and creep higher

SashaH

⋅ Oct 17, 2021 1:55 AM

@DaddySawbucks, following you now. you better be good ;)

hungry_hippo

⋅ Oct 17, 2021 10:55 PM

@SashaH, he's kinda streaky, but then again most of us are.

As for the market, yeah it can reverse tomorrow, but a quick spike and drop is actually pretty rare. Usually melts up then does a sudden drop. Though I suppose the last spike and drop happened in October....

fjack11

⋅ Oct 16, 2021 1:47 AM

New cycle.. can run for a while. Money to be made.. don't sleep