I think the bulls are laying low this week risk off. Like I said in the beginning of August, the mice will play when the cat is away. Well last Friday the cat came back and cleared all the gains of 22 days in 4 days amazing. So hear me out, I think we are going to make a lower high by the time we get to September 21st why because we need the markets low so we can have a 50% bps hike if the market stays in the 400s 75 points is a must. Now the 50 points are in everyone is happy it’s not 75, BOOM goes the market right back up! This is just a idea I’ve been thinking about so when October comes we are back in the 400s just in time for November midterms then we make a higher high just to trap more people and bam rug pull for Christmas just like 2018 no Xmas rally this year. Okay I’m done now with my theory this is why I day trade if I’m thinking like this and you are to imagine how they think about the future outcomes and have hedges all over the place, we see a big print on calls from some whale then think we’re going up but it’s just a hedge for some whale, so be careful.
As always trade what’s in front of you good luck
As always trade what’s in front of you good luck
