Yeah, on the daily charts I don't really use that so much even though always in retrospect it seems to have been a useful indicator. GENZ's move isn't until next month around July 10th or so. It always runs into earnings, which is July 22nd next month. However, due to the unique situation we found with it by selling off on bogus news, we had to trade it.
Now, it should fall back before it runs in mid July. I'm just hoping it doesn't run up and then do that fallback from over $60.
Because I'm looking now at the Aug calls, if we wait until early July to re-enter, those $55 calls will decay if the stock stays around here, which it could.
As per that email last night that I posted here, if the SPX closes the month neg, it reverses I think the Cuppock curve by signal. (or however it's spelled). That only happened twice before and both in the 1930s. If it happens again here, it sets up a potential monster leg down that will catch many off guard.
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