Fireworks continues - Uncontrolled -Can we do circuit breaker Circuit breaker level - Lets see.
We are waiting for FED officials which is mostly not that interesting , but now they can wipe the market with few words - the opposite also works.
Do not forget : Control the inflation means the FED wanna see huge lay-offs.
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Longer view
If you see job-market report shows layoff you buy if not sideline or if you wish just open a short.
VALID UNTIL 08/02/2023 - 18:00 Budapest Time
Circuitbreaker
Bear MArket Warm UP U.S. stock markets opened sharply lower on Thursday after a new 40-year record high for U.S. inflation stoked fears that the Federal Reserve will have to raise interest rates repeatedly this year.
Earlier, official statistics showed the consumer price index rose 0.6% on the month and 7.5% on the year, its highest since 1982. The rise in prices was broad-based, with the majority of sub-categories for various goods and services showing an inflation rate of over 5%. The labor market, too, showed further signs of having ridden out disruptions from the wave of Omicron-variant Covid-19 quickly, with initial jobless claims falling by more than expected last week to 223,000.
The figures were a disappointment to the bond market too, pushing yields (which move inversely to prices) at the long end of the curve up by around 5-6 basis points. The benchmark 10-Year Treasury note yield, which had fallen on Wednesday after a well-received auction, rose to 2.00% for the first time since August 2019.
CRYPTO is not the safe haven dont be..... you know it.
Market Volatility Circuit Breaker Rulesthis example shows the circuit breaker rules of US Stock Market from the current price.
US30 - Monday Starting Chart w/ circuit breakers Seems like we will have a turbulent Monday with IG trading already at -3.09% as I am writing this post. This might be a very short trading day. If nothing changes in the next 8 hours expect futures to be halted immediately after open at circuit level 1.
Scenario A: We hit circuit breaker 1 and then continue downwards breaking the lower channel line. If this happens it is very likely that we continue down further because of long liquidations and hit level 2 or even 3 and take the Monday off.
Scenario B: We get some of the "good" news we were waiting for before market open and shoot up hitting 19.8XX before crashing down again. It would be another perfect opportunity to place a better short if you went in in the middle of the channel.
People who hold longs over the weekend better make sure that your margin can support a drop up to 15.000, otherwise you might get liquidated.
