If we do close down around current levels, we are getting a nice provisional sell signal for next week, and the first hint that the big wave'2 from the sp'1266 low in early June is finally over.
sp'60min
sp'daily
Summary
I'm not very content right now with this market, it still feels like there so much risk of a late day ramp. I've seen it happen so many times over the years, especially on what are often choppy opex days.
If we can get down into the 1355/50 range near the close, I'll likely bail, and re-short on Monday.
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Stock of the day...
CMG, daily
Option puts - those few traders who were buying at the Thursday close...
July strike, $340s , $100 > $16500 A 'lottery play' for sure, but, a few out there did it.
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