Can't trust weekend price action anymore
Discussion
The proportion of trading that is now driven by “normal market” hours is so large that the first hour after American markets open on Monday, an entire weekend’s worth of price action can be reversed. (Or accelerated!). I only trust weekend price action on major macro news like war, press release after hours of major economic news, etc…
market has been doing this recently, retracing to ore weekend levels before or around the time big desks get back to trading
Bled all day, this is not forever but I just don't trust weekends 😢
