Staying with the Range 19,400 - 18,200. Looking for 18,200 retest to hold or not. Was that insider trading yesterday? Seemed like it. Anyway, we can add that to the bag of tricks, curveballs, etc. Yesterday was a major Danger Zone, U Turn, Drop Offset, Info Leak, Algo Long Only move that happened during the Dead Zone. With O/N -400 points tonight, we may be setting up for a 18,200 retest. Big action and bigger reaction may be in store after the one sided perfectly timed manufactured move from yesterday.
Note
FYI, Bloomberg has an interview with CA Dem that is mentioning the investigation into whether the pop yesterday was an issue or legal, eluding to the investigation of anyone that may have traded/profited with the signal to buy prior to the release of the tariff delay. IMO, This would not of come about if the market did not give half of gains today. Getting messy in the snake pit. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.