The New Resistance

This is a syndicated repost courtesy of Slope of Hope. To view original, click here. Reposted with permission.

Thank God.

Liquidity moves markets!

Follow the money. Find the profits! 

What’s key at this point is to stay BELOW 2825. I know it doesn’t look that way, but it’s honestly a very important dividing line.

As I’ve repeated ad nauseum, the financials remain my obsession. The breakdown here has been clean, and very welcome. My put options are up 80% from Monday. My target is a multi-hundred percent gain before I close them. They’ve got 300 days left, so I’m not exactly worried.

I do my little job, and live my little life.

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