Bye bulls

Time for HK drama again.... zzzz

that massive 5min drops on all market is due to Polish Finance Minister claiming that Russia is going to invade Ukraine

-War about to break out between Ukraine and Russia
-Russia about to announce its retaliation plan on Europe
-Gaza crisis going into cease fire mode yet not over yet

I wonder who is still buying all these stocks out there, must have balls of titanium

Imagine Ebola virus break out in Wall Street trading floor when we hit 18xx

SPX holds 1920, but but but..... bear flag forming

So in short, within 24hrs we have:
- Russia-Ukraine escalated crisis
- 2 major M&A activity failure
- Portugal back to recession

What else could go wrong

I experienced this before about couple years back, can still feel your pain

Morgan Stanley started to dip buying after opening bell and followed by Goldman Sachs.

from floor traders at the pit

MS and GS have been buying the papers since morning (contracts of futures aka papers)

Morgan scooping up papers again 30sec before 16:00 ET

Your concern should be:
" Which MY banks offer better rate when TT-ing the money from US brokerage back to Malaysia "

Which I am still searching.

This is the third time since last Thursday (31st July) that futures retract after good economic datas being released.

Lets see if bulls manage to reverse the course this time.

shorterm 1min bull flag forming, possible rebound

Bears need to push down harder to break the bull flag pattern

short term upside target SPY 193.33

you mean VIX is still bearish

the sudden movement was due to NATO commander claiming again Russia has massed large forces on the border of Ukraine

If buyers manage to push back to 192.41 then there is still chances for short squeeze covering. Since there are only two economic data today, hence the market is very sensitive to headline risk.

Selling call for $0.10 loss, switch to put.