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Gap up but within the yesterday's range so likely it'd be just a range day.
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NFLX reports after the bell. Netflix typically beats Q4 earnings expectations. However, some Wall Street analysts anticipate weaker results this time. (CNBC)
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Expecting a dead cat bounce, got it, now hope that the run up can pass this resistance level to gain a bullish reversal in price action. failed here will just good bye kiss. so far so good./ES
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The breakout 3 bars ago could mean it's an uptrend day but since it's within the yesterday's range so I'll treat it as a range day anyway.
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The week so far. Do note that yesterday's VPOC was at the low going into the close. Seems pretty unusual to me.
Tomorrow is the absolutly huge options expiration so there could be volatility. Monday all those billions in notational deep in the money calls are gone so next week we will see what the big boys will do. I think we get liftoff from the FOMC meeting simply because Powell is not interested in crashing the market. Time will tell.
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Trades w 2 Cats wrote:...
Tomorrow is the absolutly huge options expiration so there could be volatility. Monday all those billions in notational deep in the money calls are gone so next week we will see what the big boys will do. I think we get liftoff from the FOMC meeting simply because Powell is not interested in crashing the market. Time will tell.
Pundits consensus down tomorrow because of huge OPEX.
So if ALL think down ..... contrarians please note ...
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.