Eloquent

30 days of chop.

Eloquent Premium Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
my main target of 4300 has been hit.

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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 ๐Ÿ‘€.
majority of the market also tends to be wrong, every single time.

maybe this time is different, but something tells me it's not.

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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.

โœŒ
Comment: an alternative to the chop idea would be continuation of the face ripping rally, to squeeze every last bear out of the market.


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