Quote from Lawrence Chan:
So the obvious target is 912-13 then
I think they will try to rally this to the close ... an ADU day
BUT, I am extremely bearish, more and more bearish as it goes higher.
It is very difficult but I have to restrain myself from buying XLF and QQQQ February puts... looking at the 5m and hourly XLF and QQQQ charts as they rally and VIX swooning , now at 37.85.
Anyone else bearish?
We are now in the SPX 915/920 zone; if it can break above 925 then it can rally to 975 in a day or two.