Worst vs Rest
I was following the x4 OPEX closely last week because options are the market.
The amount of QE liquidity in options over the past 2yrs has been distorting this bull trend for 2 yrs but also causes predicable dips during OPEX.
So it wasn't a surprise Thu-Fri Dip to 20 50 EMA was this predictable.
The only question now remains.
Do we rally back next week OR does the real correction start?
Most of the evidence I observe points to a rally.
But there is a mounting case for further correction to the downside.
Further downside would trigger liquidations and amplify bull capitulation.
Next week is THE week. Christmas Rally or Coal.
Choose a side.
The amount of QE liquidity in options over the past 2yrs has been distorting this bull trend for 2 yrs but also causes predicable dips during OPEX.
So it wasn't a surprise Thu-Fri Dip to 20 50 EMA was this predictable.
The only question now remains.
Do we rally back next week OR does the real correction start?
Most of the evidence I observe points to a rally.
But there is a mounting case for further correction to the downside.
Further downside would trigger liquidations and amplify bull capitulation.
Next week is THE week. Christmas Rally or Coal.
Choose a side.
Note
DIS and GOOGL first out of the gate.twitter.com/DeItaone/status/1472661155332112394
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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.
Related publications
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.