FLASH – Danny’s Market FRYday Alert

Oversized Globex volume of 530k and a 40 point rally off the 5376.50 low and up to 5417.25 failed. The S&P and Nasdaq are getting hit by waves of sell programs that started at the 5390 level and have pushed the ES all the way down to 5342.00 at 10:23. Total volume in the ES is 1.15 million contracts at 10:30, something I have not seen since March 2020 after Covid 19 outbreak. I bought the ES after the number and rode it up but didn’t make a profit and then I shorted the NQ. Markets look and act bad, there is no change in the out of Nasdaq / tech rotation. Looks lower remember, it’s FRYday!