indeed, however how does that

    Been too many bears

    Posted by erikvik on 5th of Jun 2020 at 10:36 am

    indeed, however how does that reconcile with the put/call ratio being so low?  we've got retail investors bearish, and the pro's (I assume buy more options) bullish?

    That's what got me, too!

    Posted by profmel on 5th of Jun 2020 at 10:53 am

    That's what got me, too! Just witnessing the greatest short-squeeze in US history. Glad my mutual funds stayed invested but my trading activity has missed 180 S&P points waiting for wave 5 to correct. No shade to Matt or Steve intended as they've repeated every day to "stop guessing and to trade what's in front of me". I don't do ES, especially overnight action, where ALL the corrective action has taken place just to gap up again every dang morning in the cash market. I was always told gaps get filled so at this point I'll be waiting another decade for that 2450-2500 gap to get filled. Really sucks! Even Buffett and Gundlach got this wrong so as Forrest would say., "It happens!" Have a peaceful weekend!

    You took the words out

    Posted by watcdy on 5th of Jun 2020 at 11:01 am

    You took the words out of my brain and said it better  

    Now what’s next target ?  Old highs from February?

    I'll reply to you later

    Posted by matt on 5th of Jun 2020 at 10:56 am

    I'll reply to you later on this with some comments

    but otherwise guys like I said earlier I have to run doctors, will be gone about 1.5 hrs. 

Newsletter

Subscribe to our email list for regular free market updates
as well as a chance to get coupons!