To gain an edge, this is what you need to know now.
Test of 3600
Please click here for a chart of S&P 500 future (ES_F).
Note the following:
- The chart shows that the market was running up going into the regular session open.
- Momo gurus were hyping stocks over the weekend. Their followers were putting market orders to buy.
- Knowing that there were a lot of orders to buy at the open, market makers front ran and bought stocks in the pre-market.
- After the regular session opened, the buy orders from the weekend were exhausted very quickly.