Equity futures status as of December 19, 2024.
On December 18, 2024, there was a significant drop in the stock market, particularly in futures. This marked the first time since 1974 that the Dow Jones Industrial Average experienced a 10-day decline within the same month. Specifically, MNQ futures dropped by around 1,000 points. To put that into perspective, each point in MNQ futures is worth $2.
I had predicted a drop to 22,050, but the market continued to fall even further. The advantage of trading with an algorithm that detects market movements is that it performed well despite the unexpected volatility.
On December 19, 2024 (today), I traded using a short algorithm on MNQ. Unfortunately, the results showed a loss of -0.96%, as the market was moving in both directions.
See the attached screenshot, and feel free to follow me on Instagram and TradingView.
More updates will be posted daily
