Stock Market Action Bullish
Started by joj - Oct. 13, 2022, 11:13 a.m.
So we get yet another hot inflation number above expectations and the premarket futures get hammered.
But now an hour and 40 minutes into the session we are flirting with unchanged. That is bullish action. Nasdaq still lower (interest rate sensitive).
https://www.marketforum.com/forum/topic/89660/
$1,000 worth of options was worth about $500,000 that day. Not too bad in a very bearish time.
A day traders dream if they are tuned in to what the market is trading off of.
A position traders nightmare.