The predicted January "T" ended on the 12th with a tepid run-up, which happened to be WWW, Indicating weakness going into this week's OPEX.
On January 2nd with a declining market, I noted that the pullback then was possibly setting up a rally:
I have often seen the early pullback only to trigger a bear scorch top near the T end.
Isn't Jan 12th also Weird Wally Wednesday?
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(the Wednesday before the week of Options Expiration Friday (third Fri of each month) is typically very volatile)
The week of Options Expiration Friday typically has a bullish bias (subject to market whims) -- if it is not bullish for the weekdays leading up to Options Expiration Friday, that suggests a weak, bearish market.
We Got both. Will we get even more seasonal weakness after Friday's opex?
Also see T Theory Thoughts for info about T's
Edited by Rogerdodger, 19 January 2022 - 03:02 PM.