They blamed Zero day options for yesterday afternoon’s meltdown.
Who knows?
The market is on the comeback trail this morning in the wee hours. But is the market still in an uptrend? It is certainly possible because the decline stopped at a trendline vectored from the first two lows on December 7-8 before the rally took off. Meanwhile, hourly cycle oscillators have edged to the buy side. To confirm, the ES must cross 4735 during regular trading in New York.
Trend support is around 4705 this morning.
Swing Trade Screen Picks – Buying The Lagging Dogs
For moron the markets, see:
- Swing Trade Screen Picks – Buying The Lagging Dogs December 20, 2023
- Not Even the End of the Beginning December 18, 2023
- Dealers Stay Extended December 16, 2023
- It May Be Gold, But It’s Not a Given December 15, 2023
- Tax Revenues and Liquidity are Crashing December 4, 2023
- This Chart Tells Us Exactly When the Bull Market Will End November 26, 2023
- A Rally Can’t Live on Hope Alone November 20, 2023
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