No one, or I should say most traders don't believe this rally. I too am one of those skeptics. AB-CD pattern I have drawn has little room for error here. If we surpass and close above 169.05, this pattern is no longer valid. I have been waiting to short this quick market turn. Today or Monday may present an area I feel comfortable buying puts for July. I like the July 26th 160 Put OTM options. If you follow my lines of symmetry from previous market drop, we should bounce near 162/163. This is the area I plan on taking profits and awaiting next area to buy puts for the larger follow through drop to 157-159
ok wish u good luuck ! I personally believe that most people will be bullish before we can discern the top,,, but what the hell they are just my beliefs and who are acting on emotion ?
QuantitativeExhaustion
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You don't think most people are bullish? Bulls are cheerleading .20 pops like it's a monster move.