October Extreme Market Volatility AKA “Super Roller Coaster”

This comes a bit later than I had planned, but it’s still worth blogging about…

The week of October 13 – 17 was quite the wild one in market extremes. We’re talking about moves that were more than double or three times the normal move, happening throughout the trading day.

Here’s a chart of that week:

ES_Week_10_13_14

The typical daily range has been about 12 – 15 points  , so these major moves really stood out. This type of extreme market resembled the go go days back when day trading was all the rage and everyone and their cousin were attempting it.

Each $ES futures contract is worth $50 per point move- so the market was either a gold mine or brutal depending on whether on was on the right or wrong side of a market move.

 

 

 

 

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