Closed half of my NQ shorts for approx 1000 point gain. Will see what the rest of the shorts do now. I will likely add to some shorts if there is a pump again. When I look at a lot of the major stocks, I see top formations so I think the SPX could at least get down to 3800 before 4100, or maybe just go straight down. 3800 and then up again would allow people to get their Santa rally.
rickshaw called the swing high top by claiming, in another topic, Dow will make another ATH very soon
Out 3950 overnight, also flatten YM 33300 in my sleep. NVDA and Target disappointed, so the earnings season ends and will be lot of selling/consolidation. We may test 3900/3850 range but I don’t see we head back to 3600 range.
$SPY tap dancing on and off of S3=390.03, without news there will be more ups than downs in this area.