9 replies to this topic

[OEXCHAOS]

Ordinarily, I would be Bearish in here, with the Bulled-up Sentiment, a Sell from the ITBM and our "Best Trend", but with the Bullish Seasonality and the amazing Cumulative Breadth, I'm hanging on. This market is resilient, that's for sure.

 

Mark

[12SPX]

Don't you mean its bullish when sentiment is bearish and bullish when its bullish, bullish whenever lol!!  I keep having that Christmas massacre think it was 2018 in the back of my head this season for some reason, I mean really who sells off that hard on Christmas eve lol!!  

[SemiBizz]

From Today's SPX Forecast:

 

SPX ran to a high of 3697 on VACCINE MONDAY before turning south bound and falling 52 points to the low of the day at 3645 and closed nearby at 3647...  down about 50 from the day's highs... nevertheless it was still a day of CONSOLIDATION as it closed inside the previous range... so technically a higher high and higher low on stronger volume and that's just not a sign of weakness, even if it closed DOWN... 

 

[redfoliage2]

A news-driven market in a quadruple witching week,  just roller-coastering ...................

Edited by redfoliage2, 15 December 2020 - 02:38 PM.

[12SPX]

Think everyone's making to big a deal about this expiration they have been losing their luster for years.  The young folk are slowly taking over with their weekly, daily options so the traditional 3rd week expirations have been harder and harder to read.

[redfoliage2]

It's not the traders it's MMs who create this kind roller-coastering in an OpEx week to achieve max pains for the options traders.  Depending on the P-C balance by the close today it may roller-coaster the other way tomorrow ......................

Edited by redfoliage2, 15 December 2020 - 02:53 PM.

[da_cheif]

5 and 10 day arms at a rare combined bullish zone......mclellan oscillator  at a bullish level not seen for years............watch the sky ....675 ono

Edited by da_cheif, 15 December 2020 - 05:58 PM.

[tommyt]

I'm not sure why someone would want to step in front of an uptrend during this strong seasonal period. AND its a quad and the trend of the week leads to a final print on the Friday open, which in this case is a ST high possibly on the opening tomorrow.

[12SPX]

My numbers for this expiration are indicating we are possibly peaking this morning at the highs so it will be interesting to see.  I'd far rather be shorting back and forth then buying for sure! 

[blustar]

My forecast for the ST is for a minor low on Friday and a top on Monday.  A  quick 7-10% correction after Xmas looks likely to me on the SPX.  Choppy bottoming through Jan 20.