Loading ...Hard to imagine a wash out anymore, as long as the scum are prepared to trade unlimited Vol….u saw it tonight into the close, unreal SPY buying, ramming the S&P whole points in milliseconds, as they tried to hold it…plus massive GDX selling and of course huge dollar buying.
No trader in his right mind would do any of those trades into the close, as the mkt was screaming it was going against all of them.
But of course that now ages old scum support, has allowed monster crowded trades to develop…at some point they wll be overwhelmed, just like they were for a few mins into the SM close…even they couldn’t hold it.