It's taking it's time but it will hit 500. There's just no way it would top at 497. Even if today ends red it will still get there. They might also get to pump it to 502-503, but then this thing is diving like 10-14 dollars so beware. Today might not be the best trading day, but the rest of the week will be much better. I think Wednesday to Friday will be the real action this week.
If all goes well this gaps up or hits 500 very early tomorrow. Then we see how high they can stretch this (501,502,503) But it will likely go red and fill the gap and then the dip buyers will fight it, so I could see this end up closing either a doji or 496. Then things get interesting after it flashes a bearish candle. Do they gap this up on CPI again (which is not till Thursday) or is that potential reversal candle the signal to begin a pullback to 486-488. Going to be an interesting week for sure.
I just bought puts. 1 500 print doesn’t make me thrilled. I wanted it to hit 501, but this is going sub 490 so needed to get it now that it’s about 10:30 so it can finally fall and if it V’s I’ll grab more. I know shocking, but even a permabull like me knows when this thing is going to temporarily fall
i don't think they'll let it crash that low without some serious bad news or something. Should just keep going up