Up 1 week, the next week has 76% chances to make a higher high which means still more all time highs ahead.
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$AAII Bull - $AAII Bear went further down, interesting. The vote ends on Wednesday therefore might not count on the Thursday and Friday's up so maybe the next week we'll have a different view.
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"Of the 4,085 stocks with listed options, 1,007 (25%) closed higher and 2,971 (73%) closed lower. Among the 500 most liquid single stocks, 30-day implied volatility was higher for 229 and lower for 228."
[CBOE, Friday's numbers... ps: recall that Friday was gap-up and ATH day !!]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
From "It is what it is department" We have a Trading market not a positioning market however you slice it. $BPSPX, $NYAD, $TRIN are all over the places. technically speaking we are oversold when $TRIN > 3, oversold at all time high, do you smell something funny? I do.
Bullish % has been decline for weeks and months now.
No fear No bear, this is getting dicey a rise on $VIX in a coming week will be something to pay attention to If we zoom in on $VIX HL is at hand.
Intraday price action was mildly negative on last Friday, follow through on Monday will be a must for bulls now that we have HH or a reversal in a grand style will be what to expected. overbought Honey hole special for bears and a bearish reversal candle mission next week for me with a realization of irrational market, trade well, Peace!
My comments are for entertainment/educational purpose only. NOT a trade advice.