(For Those That Want To Know) what I’m watching: Addendum
When you hear me say such things as “You have to think like a machine sometimes to interpret these ‘markets.”‘ The following two charts show precisely what that looks like in real time. For when you look at the first one, it is the same as the one I posted prior (i.e., early this afternoon.) What you’ll see is the path I interpreted as to be the most likely is exactly what followed, represented by the blue channel. (note: and was not moved from the prior only extended) To wit:
As far as what the machines are doing in the overnight session, here’s a chart of the S&P 500 (aka E-minis) as I type this at about 7:15pm ET Wednesday. Again, to wit:
Another way to look at the above is using the commercial tag-line that sums this all up better than most, and is from the clean up organization known as Servpro®.
“Like it never even happened.™”
Or, maybe it was said better by one of my favorite bands Pink Floyd…
“Welcome my son, welcome to the machine”
© 2020 Mark St.Cyr
Note: This is not trading or investing advice of any sort. This commentary is for “big picture” discussion purposes only. Please read, or re-read the “About This Site” page for any questions or clarifications.