3852 supposed to be special in regards to dealer gamma according to stuff on ZeroHedge. Article was long and complicated and I am barely beyond just reading the buzzwords on this stuff. But lots of twitter posts as well so wild ride this week because the calls expired and the puts are going on.
QUOTE OF THE WEEK:
"It's hard sometimes being a celebrity in music. There's times when girls won't quit knocking on your hotel room door in the middle of the night, and you have to get up and let them out.”
[Chris Isaak]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
The pullback probably will be bought, there should be another leg up before bears have some chances.
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Testing the day high now. It's a rising wedge so should be a pullback or consolidation here first then we'll see.
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Some times, once in awhile I print out the chart like this, put it up in the wall and look at it Covid-19 safe distance of 6 feet. as asking myself, what do I see?
My comments are for entertainment/educational purpose only. NOT a trade advice.
From the overnight high to the opening range low was just about 90 points in a very clear two legged measured move just about to the tick. The bounce from that OR low to the mid morning high was an obvious first leg up. A measured move off of the following swing low would put us at 3887. Point being to draw those two legged measured moves if you want a halfway decent road map.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Al_Dente wrote:QUOTE OF THE WEEK:
"It's hard sometimes being a celebrity in music. There's times when girls won't quit knocking on your hotel room door in the middle of the night, and you have to get up and let them out.”
[Chris Isaak]
Ha ha. That's a spin on Rowan and Martin from Laugh-In.
Martin: ''This hotel is crazy. Last night there was a girl pounding on my door and yelling at 1:00 in the morning.''
Rowan: "What was she yelling?''
Martin: ''Let me out."
Charts posted are not recommendations. They are just a sharing of information.