In July and September the damned thing hung at top plateau for two weeks, 14-16 sessions. Don't be surprised if it just hangs until mid-December. I rolled my puts into February.
Yep, I'm looking for retest of first support at the breakout around 27300 +/- 100 pips sometime within next two weeks.
@DaddySawbucks, Totally agreed .. i rolled them to mid Jan .. The point here is that as much as they hold overbought status , no Big investors will get in and they will wait for the right moments as it too risky for longs too.. thanks
@WinnerTrader99, Yes the funds are mostly out atm as we see volume has dropped to miniscule levels, this is retail suckers and some position rotation, funds always do 'window-dressing' and swap dogs for momo shares.