Dimension, (and others)
Thank you for the very good post. The conditions do favor bounce, but the stats says dump before bounce.
<<<< Some very heavy and weird activity on MNX contracts Friday. For example, looks like a couple of calendar spreads or strangles using WAY out of money contracts. That's very odd and may suggest an institution is thinking this mkt could head down fast. I AM NOT SURE how to interpret this yet, the action on the MNX was very heavy for Feb and March contracts, which is not typical, and that weirdness worries me a bit. >>>
I do not much about options but this sounds like a good case study, let's see how it unfolds.