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We are in OPEX week and a ton of call premium after huge rally. Do you think market makers want prices lower?
If the ABC set-up plays out on the indexes as it is going, the next move is lower into wave C with a minimal target of 5950 on /ES. Currently, wave B seems to be playing out. Above 6051 will invalidate this setup.
Thanks junkie.
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We are in OPEX week
Posted by rbreese on 13th of Nov 2024 at 01:02 pm
We are in OPEX week and a ton of call premium after huge rally. Do you think market makers want prices lower?
If the ABC set-up plays
Posted by junkie on 13th of Nov 2024 at 01:11 pm
If the ABC set-up plays out on the indexes as it is going, the next move is lower into wave C with a minimal target of 5950 on /ES. Currently, wave B seems to be playing out. Above 6051 will invalidate this setup.
Thanks junkie.
Posted by rbreese on 13th of Nov 2024 at 01:13 pm
Thanks junkie.