End year rally ? ES at 1070 ? Maybe. When the party is too good to be true. Merrill positive, Meredith positive. Time to say good bye.
I will sell calls like dec 170s or sep 170s if we get up another 5-10pts. I want a good fill if I'm gonna take a shot on shorting this powerhouse.
1) What's Abby's opinion? 2) Be careful with the volume decline and range compression. 3) Take a profit and celebrate.
1) David has taken over Abby's post. 2) Range compression ? Volume decline ? Not after GS downgraded MS today. 3) I will celebrate if news headline states that GS had its first 216 million USD principal trading loss day.