Let's talk about what just happened with $US : down 3.28% in 5 minutes.
Sharp drops are often accompanied by a wave of liquidations among futures long positions. Sometimes there's a short-term rebound after the washout. I've been burned chasing these rapid moves, so whenever I encounter one now, I take a moment to stay calm first.
#US
Sharp drops are often accompanied by a wave of liquidations among futures long positions. Sometimes there's a short-term rebound after the washout. I've been burned chasing these rapid moves, so whenever I encounter one now, I take a moment to stay calm first.
#US