ajtj99's Market Pulse

[Justa Werkenstiff]

Market: Short term sentiment is somewhat overbought but has not reached extremes indicative of a solid turn in line with the market averages which are close to buy signals. The Rut and Naz are very close while the Ndx is a bit off. Normally I would think we need more of a decline to get a solid bottom. But with opex coming and the QQQ 35 strike so lopsided with puts and the bullish poll I referenced last night, I am inclined to think: (1) gap down reversal or (2) a decline much less than people expect which sets a short term bottom.