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By Master Wu Master WU
On every trading day, after market closes, I would choose 10 best tweets from the Fintwit World and rank them on thoughtfulness of their ideas and informative of their charts. Please tweet your nominations for Top Ten Tweets (TTT) to my account @MasterPandaWu.

Daily Review

2021.09.07

The big news in the U.S. market after the Labor Holiday is the flash crash of Bitcoin, puking about 20% at one point. Though the overall market is mixed, with S&P and DJIA were down less than 1% and NASDAQ nudged to positive territory with the help of big tech giants, like AAPL and AMZN, the panic index of VIX jumped over 10% nonetheless.



This divergence, if you put it into a longer time background, creates a scary picture for veteran traders, the so-called “BIG JAW FORMATION.” As the name indicates, the two opening jaws would eventually close off, like a huge crocodile chomping on its prey (see @NorthmanTrader’s chart for a vivid simulation).  

 

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