I am/have been transitioning back to my original account @LongTplexTrader - this account is going to be my main backup & will still post here but more so on the other account-it was banned a year ago and surprisingly they gave it back to me π
I'm having a Beer - I did not earn my keep today - but had an ok week. My work has been struggling somewhat especially via the indexes. Thank God for the Bonds today.....Only thing that had proper reads.
I really don't understand why the margin raise - Markets were nasty in April 2024 and no raise?
So tired of the bullshit - Yes I know US election and such but something stinks about all of this.
I've been getting a few questions about why the CME hiked margin requirements.
It does seem a bit odd that, in the middle of summer, with a 1.5% decline from all-time highs and no apparent catalyst, margin requirements would be increased.
Just speculating, but it feels like the Trump shooting or a potential Biden dropout could be events that the CME anticipates might escalate and cause markets to drop. Especially considering that equity futures positioning is currently extremely crowded.
@CanadaMan6969 @swagh3tti I have no problem with paid furus but....let them make it make sense - this can be dangerous. most cannot afford to make big mistakes...
@CanadaMan6969 @swagh3tti Trust me I have gotten today wrong - so I am no better but I do know if a major level point of inflection is breached - I wait - it can become very painful for some
@CanadaMan6969 @swagh3tti this is crazy - thats a major point and if broken there is potential for a serious flush below. #NQ_F would need some serious defending here to hold - could pancake 100 handles from that 19750