@Karlsbad4 I see it as selling into strength. 50% gain in three weeks deserves some trims. Gap fill resistance, and maybe some bag holders from the earnings drop.
It was the Rate Hike experts calling for a dump, then the Breadth Furus saying they were going cash.
It seems everyone forgets what happens when breadth gets super low.
And now all of X supposedly nailed this breakout 😂
#FURUS
Here is another way to see that point. The ROC(20) of the RSP:$SPX ratio is pretty oversold. Make note what both SPX and RSP do after readings like this.
Whenever I log in to X, everyone is saying how hard the market is. Maybe because there's 100x setups and too many "influencers" you're listening to?
One day they're bullish, next they're bearish. Bear trap, bull trap, blah blah.
Quiet down and find the moves.
Turn off the noise
LOTS OF APOLOGIES IN ORDER WHEN THEY GIVE US A FACE RIPPING RALLY.
I HAVE 9 DAYS ON MY CALLS,
IM SIZED FOR ZERO.
I AM ABOUT TO HIT THE INDOOR POOL WHILE OTHERS DROWN IN 0DTES
@TheMarketRaven Temping to roll out two weeks to 9.5p since the premium is much higher than calls will be if assigned. Interested to hear your thoughts