The Trump Rally

Follow @MrTopStep on Twitter and please share if you find our work valuable!

Our View

On Monday, I tried to tell people that I thought the ES was holding, and, once again, the public was sold a bill of goods about selling off, but it already had. Below are some very early posts in the room where I laid out what was going on:

• IMPRO : Dboy: (8:35:31 AM): they rotated into the NQ yesterday (Monday)

• IMPRO : Dboy: (8:39:15 AM): I wouldn’t be surprised if the ES and NQ drift higher

• IMPRO : Dboy: (8:39:26 AM): only because the street is short

• IMPRO : Dboy: (8:49:34 AM): can’t sell this

• IMPRO : Dboy: (9:34:31 AM): longs

• IMPRO : Dboy: (9:35:45 AM): everyone’s short up their ars nq showed its hand yesterday.

• IMPRO : Dboy: (9:42:29 AM): fair to say the crowd is short

• IMPRO : Dboy: (9:45:58 AM): the public is always sold a bill of goods, and 95% of the time, it goes the opposite way

• IMPRO : Dboy: (9:48:07 AM): I could be totally wrong as I always say, but the ES NEVER does what most people want it to do when they want it

• IMPRO : Dboy: (9:48:34 AM): if the ES does tank, I think it's a buy opportunity

• IMPRO : Dboy: (9:48:46 AM): buy calls

These weren't the only bullish posts. You could see the rolling buy programs and the tone of buy stops, along with the late MIM long trade that I finally caught.