I think so too.
Cycle projection to 2490'ish. First down projection in a while. Usually the first crack through is bounced.
I sent this to a few on my trading buddies last night:
Titled in subject line: "interesting action into the close"
<<I am in several $SPX call credit spreads, meaning I am in a directional short position as I’m net short call options on the $SPX.
All day the calls were up, meaning my positions were down all day.
Aside from these I’m also long some $VIX calls I purchased yesterday.
What did the market do today?
It was up. $DOW +33 $SPX +2.39. NAZ +14
The calls I am short should have remained down into the close, the short positions would be UP meaning I’m losing money being short. It’s like being short AMZN or TSLA when they’re UP, you lose $.
Well......
At today’s close all the calls I am short REVERSED! My positions were profitable and my $VIX calls which had been down all day turned UP yet the $VIX closed down 3%. WTF!
Someone knows something....or....the Astro’s are bearish...or....or.....or.....!!!>>>