30 days of chop.
Updated
my main target of 4300 has been hit.
---
exactly 30 days from today, a majority of all of the puts in this market will expire worthless.
there is tens of millions of far otm contracts across the board.
majority of the stonk market is apparently short đź‘€.
majority of the market also tends to be wrong, every single time.
maybe this time is different, but something tells me it's not.
---
i'm theorizing the market will chop sideways for 30 straight days, to make sure all of those contracts expire worthless.
maybe it puts in another leg up after (if this turns out to be a phase of re-accumulation),
maybe it completely falls off a cliff after this ugly chop (if this turns out to be a phase of distribution),
but whatever happens - i think it will happen in exactly 30 days from today.
if you're on the short side, ponder upon what i'm saying here.
✌
---
exactly 30 days from today, a majority of all of the puts in this market will expire worthless.
there is tens of millions of far otm contracts across the board.
majority of the stonk market is apparently short đź‘€.
majority of the market also tends to be wrong, every single time.
maybe this time is different, but something tells me it's not.
---
i'm theorizing the market will chop sideways for 30 straight days, to make sure all of those contracts expire worthless.
maybe it puts in another leg up after (if this turns out to be a phase of re-accumulation),
maybe it completely falls off a cliff after this ugly chop (if this turns out to be a phase of distribution),
but whatever happens - i think it will happen in exactly 30 days from today.
if you're on the short side, ponder upon what i'm saying here.
✌
Comment
an alternative to the chop idea would be continuation of the face ripping rally, to squeeze every last bear out of the market.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.