well, well well options expired with spx within .16 of a point of the 20 month moving avg i'm sure it's just a coincidence
nearly 8000 posts of your written diarrhea in only 3 short years, making your stupid, pointless knee jerk comments in nearly every thread ever consider taking some of your insight inward?
I thought that was obvious. And a good one at that. Got any stats on how often this occurs? IOW is it more than random? Not flaming, I'm just not a big fan of MA's. Monthly charts, I don't see anything yet. Shorter term, some pullback after the run up into OEX won't be a shocker.
It could be a bit premature, but today did not look very good for the bulls, the way it just sold off into the close. I wouldn't be surprised if we saw a reasonable-sized pullback over the next few days. Tomorrow morning is going to be key...
the 20 month ma gets recalaculated at the end of the month, it's been about 20 points down each month for the last few months a fed day would have been a candidate for a day to break out updward, instead, we end up with a bearish engulfing 5 more trading days to resolve whether it closes above or below the 20 month ma, as of 3 weeks into the month, it cant hold it and i think it will be a tell for the coming period
wow market really didnt like that bearish engulfing candle formed after that failed range breakout yesterday