mr_cash...
After an early week pop, are you still looking for a significant short term pullback?
Also, why did the Thursday reversal seem to change your view towards a pullback this coming week? You seemed to be looking for one last ramp up before pulling back this coming week, down to SPX 1165 and you got it.
From a TA point of view, I see negative divergences forming throughout the daily time frame indicators as well as the shorter term charts. I sold three quarters of my puts on that Thursday drawdown, but I still see imminent downside coming this week. WTF am I missing? Why are there so many bullish comments on these message boards?
Didn't anyone see that huge volume bar from last Tuesday when the uptrend off the Oct.26th low was broken?
I feel like I'm part of frank's funk and can't get out of it. I can see being bullish into next year, but where is that pullback? We've been going sideways for about 5 weeks in the SPX.
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