The equities fell deep down into the Monthly Tails — again. Events that are rare for the equity complex…
NQ was down to Tail 2 when the bank algos kicked in and started buying like crazy. There was no way they were going to let their portfolios go to shit yesterday.
Will feel a lot better when we open next month inside the middle of the 1’s again.
NQ snapped back at the Tail 2.
Charts for ES, YM and CL are shown below.
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