SPX may be extended but Stoch60 still embedded on most timeframes...incredible

@Glad - Im noticing uncorrelations today that typ precede pullbacks.  Today good day to strategically sell spy calls / buy puts.  Call skew keeping call premiums > puts now.

Steve - Agreed on pullback looming; I understand there to be high call skew into Fri opex, which likely creates upward bias until then and unwind after. Any thoughts on probability of potential pullback before / after opex from ur perspective / sources? Thanks.

Important distinction...NAAIM Exposure Index measures adjustments active risk managers have made to client accounts over the past two weeks; not necessarily all retail investors. 

Trump pump, then the dump. Good time to sell spy calls w/ these elevated premiums into supply / resistance zones.

Was yesterday's SPX KISS chart not updated in newsletter b/c now shows went long before today w/ 2 STSs...?  Need consistency. 

agree, spx short term options premiums quite elevated.

fwiw...jason shapiro, based on COT data, doesnt see a top yet b/c there still is not large spec buying. He cautioned this could go on for longer than one thinks...

Sure wouldn’t short gold w/o valid trigger but now I will sell some physical coins like Matt did earlier. 

Believe today was 79% uvol day...might be close enough.

massive short squeeze to sell call options for nice premium

Last day to get SPY div. 

this may be working on larger 1/2 pattern w/ nice divergence now...

this straight down move from highs has same end-to-end slope of July pullback (very steep) and similar to covid crash velocity. 

I studied this method few yrs back and found for me was mainly useful after-the-fact; hard to identify real time w/ large lot volume having moved off market. Maybe you guys can  teach us otherwise. I find more useful/reliable the other methods you guys use...major support lines, demand zones, etc.  Would appreciate an educational video from Matt/Steve on identifying BOS/demand zones, and providing 'level to level' examples. 

SPX sitting on 61.8% fib of the up move from 5924. Should produce at least a bounce.

Matt - Educational ? to help me improve my mapping...since W4 overlaps W1 would this count still be valid? Thanks.

SPX Equal weight still seriously lagging SPX 

https://schrts.co/sRQBHyiS 

SBUX still going strong...likely 115 this month. Im out of it now but surprised its been moving concurrent to coffee.  In past coffee runs it acted inverse. 

Great day for selling options both directions. Has been traders mkt so far this yr and will likely continue.