Member
Posted 15 October 2021 - 01:56 PM
The SPX 50 dma 4437 may be back-tested early next week ..............
A successful back-test on SPX 50 dma is needed to confirm this move up is for real, not just an OpEx related rebalance ..................
Edited by redfoliage2, 15 October 2021 - 02:00 PM.
Member
Posted 17 October 2021 - 06:23 PM
New ATH not far away so I this it is most likely a sharp rally to new SPX ATH and then back down again, all before the end of October.
The SPX 50 dma 4437 may be back-tested early next week ..............
A successful back-test on SPX 50 dma is needed to confirm this move up is for real, not just an OpEx related rebalance ..................
Member
Posted 18 October 2021 - 08:36 AM
Think were going to see sideways action with volatility remain for the Nov cycle but would prefer being long but we'll see. Added to my short at the open of the overnight session to 4435, see how the day goes....
