For all the 20 years old screaming in their high pitched Mickey mouse voices - the market is going to 700. You should learn something.
The implied move for this week on SPY is 15.77 (I posted this on Sunday, link below). This is blocked off in the blue horizontal lines.
This information is pulled from options data.. where all the banks put their money. What that means is the big banks and everyone needs to start hedging their position and things can start to get a little wild before they reel in the market if it exceeds this. Then they reel the market right back in to its expected move, should it break it. How odd, todays move, two days into the week, exceeded the move and stopped. It also filled the gap that was made a few weeks back. See the two horizontal blue lines... this is your expected move for the week. This is what all the banks are counting on. We came outside that and stopped today. Now lets take a look at what the banks are saying. They are 75% bearish for the rest of the week. Again, this is taking from options data. So what would you do? You can hope it keeps going up and up, the market only goes up and crashes and corrections never happen right? (you may want to check all the puts being bought going into January for a very nice drop coming up) but thats besides the point. I wouldnt be long........... I am expecting a nice move down this week. Also, look around at stocks, which is what I am in. Everything looks pretty topped out in their patterns. Add all these things up and what do you have? I will be looking for a nice move down. Good luck kids!
The implied move for this week on SPY is 15.77 (I posted this on Sunday, link below). This is blocked off in the blue horizontal lines.
This information is pulled from options data.. where all the banks put their money. What that means is the big banks and everyone needs to start hedging their position and things can start to get a little wild before they reel in the market if it exceeds this. Then they reel the market right back in to its expected move, should it break it. How odd, todays move, two days into the week, exceeded the move and stopped. It also filled the gap that was made a few weeks back. See the two horizontal blue lines... this is your expected move for the week. This is what all the banks are counting on. We came outside that and stopped today. Now lets take a look at what the banks are saying. They are 75% bearish for the rest of the week. Again, this is taking from options data. So what would you do? You can hope it keeps going up and up, the market only goes up and crashes and corrections never happen right? (you may want to check all the puts being bought going into January for a very nice drop coming up) but thats besides the point. I wouldnt be long........... I am expecting a nice move down this week. Also, look around at stocks, which is what I am in. Everything looks pretty topped out in their patterns. Add all these things up and what do you have? I will be looking for a nice move down. Good luck kids!
cnbc.com/amp/2021/12/06/a-major-shift-is-underway-at-the-federal-reserve-that-could-see-a-speedier-end-to-its-easy-policies.html.
Not saying this is the headline to cause it but tuck that away and keep it in that back of your mind. I know.. the kids will say damn it! If it wasnt for the feds speaking, the market would have gone to 80000 billion on SPY. No.. news just comes out at all the right times. The chart should be telling you news is about to come out to take it down. But you emotional people out there just do not get it....... and may never get it, but till you do, you will continue sucking at your market positions.