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! 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!
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.