Options Wonderland

[Fox13]

JPM is strange. It trades intraday very “technically”. That is how I traded it briefly. Nobody seems to believe the validity of their earnings. Apparently, they were a product of creative accounting enhanced by the Gov. However, after hey gapped up 4 days ago they were able to advance even more. Now they go in tandem with SPX.

SPX: a contracting sinusoid (linear reg. curve, green) inside a termination rising wedge. One might say that a significant drop should happen soon. However, the market is actively engineered to stay up and there is no precipitous distribution. For OpExp THEY will not allow the market to drop since they want the shorts to be hit!