One More Push
There is a lot of put buying once again today in the early going. I believe this argues for one more move higher to shake out all the new found bears. For clarification, I am not playing for this move higher as I believe we are too close to a correction to get cute. I might use the push higher to reduce my net long exposure if we get it.
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4 comments:
CA finally listened to you!!
Better late than never
So you think this is that one more push? If so, do you think it last for a few days or maybe a one day capitulation?
We will be max intermediate term overbought at the end of the day on Monday. I would be willing to get pretty aggressive selling if we rally until then. That is the farthest I can see this going
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