remember it is a Friday and OPEX, and how many want to go home
long over weekend. Over many months now the market has been selling
off into OPEX then reversing after. Clearly the market has been
selling for the past few weeks and into OPEX. Is next week now a
time for a reversal reversion to mean rally. On SPX you have an
open gap and 200 just below. Short term the SPX is about 130 points
away from its 9 day EMA so it's quite stretched and a reversion to
the mean bounce could occur any time
today being OPEX I expect volatility and maybe weakness again in
the late afternoon because of the weekend
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remember it is a Friday
Hoping for a Red to Green today....
Posted by matt on 21st of Jan 2022 at 09:00 am
remember it is a Friday and OPEX, and how many want to go home long over weekend. Over many months now the market has been selling off into OPEX then reversing after. Clearly the market has been selling for the past few weeks and into OPEX. Is next week now a time for a reversal reversion to mean rally. On SPX you have an open gap and 200 just below. Short term the SPX is about 130 points away from its 9 day EMA so it's quite stretched and a reversion to the mean bounce could occur any time
today being OPEX I expect volatility and maybe weakness again in the late afternoon because of the weekend