ES Update

All futures gaps fill, and I guess even a war won't keep the algos from following their rules.

Strange thing is it looks like a melt up now. No position. Might take a break this week.

AT this point I expect both ES and YM to fill the gap. RTY and NQ already have.

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ES filled, YM is the only index left with a gap now

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Just remember, Russia could shut of natural gas to Germany at any time, so huge risk in going long.

This is a 3 day short squeeze, could possibly go 4, will update EOD

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Cyber security companies and EV stocks rallying, which makes sense due to Russia and oil prices, but aside from that everything that's green are garbage stocks so it still looks like a short squeeze rally for small caps.

It's all algos trading, there's no sane person buying PTON when Russia is trying to wage war, lol. The liquidity disappears when shorts are done covering, might short garbage tomorrow.

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Gap direction is probably entirely news related, no idea which way so staying out

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Even war won't stop algos from doing the pump and dump, lol.

Might take a stab at shorting something tomorrow, probably garbage stocks...

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1) Oil is the reason why the market is tanking, transports hit hard
2) I told you the short squeeze would be 3 or 4 days, it was 3 1/2, lol
3) Shorting garbage is easier than targeting tech, lol

I told you only algos are buying garbage like PTON

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BTW, YM gap filled last night so no reason why US futures need to go up anymore