The Market Ticker - Do Traders Fade This?
While its roughly an hour before the futures open do you really think people won’t play Pavlov here?
I expect there will be “disappointment” in the overnight session — if I was the nocturnal type, and inclined to trade through it (and either going to crank the Espresso machine or simply do the toothpick-eyelid thing) I might well fade that hard expecting Trump to post something either overnight or early in the morning, especially if there’s a huge dive in the futures (and spike in oil.)
Patterns like this, particularly with this sort of circumstance where its driven by someone’s “news” that establish a pattern of behavior, is that they work until they don’t — and then you lose a huge amount of money.
As it sits I’ll be sleeping, but note in the comments if you intend to come out and play….
Source: https://market-ticker.org/akcs-www?post=255242
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