After watching this for years I can honestly say some of these guys are plants. Know one could be this dumb for so long.
Little call interest Lot of puts 132 - 132.38 looks like a good magnet Often the low or high for this week comes on weds. Weakness at the r10 30 leads me to believe a short term top is near but could run up to 1350 cash Gut says 1333 cash is close for a top. If I was swinging, which I never do. I would short 29-30 es with a 20 point stop with adds at 34 39 44 and 49 if it got there.
Know one know one! People trade what they think, not what they see, I told these guys countertrend analysis does not work consistently. Technical analysis is only useful with the trend and that's assuming there are no news involved, otherwise, all bets are off. Trends eat technical analysis for breakfast, eventually one will work but most of the time that happens on the point of no return.
random thoughts r10 is 30 50% is 25 Until that breaks we go to 33-34 next on the stop run Pattern looks like a cup with a handle Neither postions offers a r:r that I like.
Could very well turn out to be one of those wiggle around, close unched days today, ahead of tomorrow's Retail Sales. Last month the day before R.S. ES closed down 1 pt from the open.