Too many Bears!!! A Non obvious move might be coming!!!
Although, Circumstances & atmosphere & situation doesn't favor bullish scenario.
But, I would like to be the GUEST to make this WILD GUESSTIMATE.
Even common sense says that some big downside movement is coming up that i agree upon as per market condition.
However, what i observe on the chart also defies that there is just much FUD in the market and market would be looking for a relief rally to complete its Final C Leg before a big move down.
Puts are new CALLS for retail traders. Market needs to change this sentiment for a while and trap some Bulls and EXHAUST Late Bears.
Please note, this is not a financial advice. This is just my personal speculation of market that i am posting as a fun idea.
But, I would like to be the GUEST to make this WILD GUESSTIMATE.
Even common sense says that some big downside movement is coming up that i agree upon as per market condition.
However, what i observe on the chart also defies that there is just much FUD in the market and market would be looking for a relief rally to complete its Final C Leg before a big move down.
Puts are new CALLS for retail traders. Market needs to change this sentiment for a while and trap some Bulls and EXHAUST Late Bears.
Please note, this is not a financial advice. This is just my personal speculation of market that i am posting as a fun idea.