The speed of the drop today was similar to March 2020. Here you can review the chart below. Clearly, I was not anticipating such a speed. After 4300 as taking brokers and FCM send messages increasing margin requirement for futures contracts. It seems this created a few margin calls and highly leveraged players were forced
July 21, 2021 12:37 pm by randholm
If the market is not trading lower I need to admit that I was wrong. It has cost money. Maybe is a new risk on stage. Bears are not strong enough! Asia, Europe, and the Americas showing a risk appetite that does not match last week’s sentiment at current levels.
Tagged under: SPX