Meta Bad is Good
During lunch, Nasdaq Futures were shorted in preparation for Meta Platform's earnings dump. Someone knew something. +$2400 profit per contract holding a short position.
While all of y'all day traders are trying to forecast the actual stock, the big boys are shorting you on the futures market. Yes, a crappy earnings report of a $1.25T company like Meta (facebook) will club the entire Nasdaq like a baby seal.
Technical details:
š» Ghost pattern identifies 2hrs and 22 minutes of non-stop shorting from 10:42am to 1:04pm ending at a price of 17618.75. When the drop happens right at earnings I calculate the profits from the price the ghost pattern ends. Therefore the price drops more than 120.25 points giving a return of +$2400 profits per contract.
While you were eating your sammy the insiders cheaters were shorting the Nasdaq. This is not trading advice š
I'm just showing you what I know.
Happy trading āļø