Haha had a feeling, SP500 expiration number just out at 4694.27 and the index was nowhere near that level at the open lol!!
BULLISH, but struggling to break out and & hold
#111
Posted 15 December 2023 - 10:30 AM
#112
Posted 15 December 2023 - 10:39 AM
Likely ST top here as both SPX and NDX RSI over 75.
Edited by redfoliage2, 15 December 2023 - 10:40 AM.
#113
Posted 15 December 2023 - 12:12 PM
#114
Posted 15 December 2023 - 12:52 PM
Haha that's funny!! As one trader I saw this morning saying that the market is priced for perfection it started to make me think and it sure is. This has confirmed my sentiment that the reason bonds have rallied so hard isn't totally to due the expectation of falling interest rates but its more to do with the coming recession and from everything I'm seeing, its coming..... With this I'm seeing absolutely nothing great about this market with sentiment screaming bullish, calls remaining insanely bullish, example 5000 Jan cycle calls I sold yesterday for $5, 4900's for $18, market extremely overbought and fundamentally way over priced currently that I think its time to see some kind of pullback here likely next week. Average short on my ES trade, 4660, 16650, always love my even numbers lol....
#115
Posted 15 December 2023 - 02:52 PM
Likely ST top here as both SPX and NDX RSI over 75.
My probability analysis indicates a Sell signal with 95% probability. Likely to start next week ..................
Edited by redfoliage2, 15 December 2023 - 02:59 PM.
#116
Posted 15 December 2023 - 03:13 PM
Likely ST top here as both SPX and NDX RSI over 75.
My probability analysis indicates a Sell signal with 95% probability. Likely to start next week ..................
There are signs that the bull run may have been exhausted ...................
Edited by redfoliage2, 15 December 2023 - 03:21 PM.