Yesterday (Thursday) institutions set up a nice bounce (bulls trap), because they know every one on retail side expects Friday (as in past 18 Fridays) plus the Blackstone IPO will be a sure bullish day.
Boy, retail guys who bought yesterday and early this week got a blood bath twice.
As I posted last Thursday (06/14), something fishy is going on in this market. It turns out to be right on.
Indexes such as QQQQ are manpulated by GS and alike so much, it is disgusting to watch.
Too bad few on the retail side noticed it. As a result, retail got slaughted today.
If you are a retail investor, please pull out of this crazy market now and put your $ in 5% yield cash account.
