It's quadruple witching day (expiration of stock index futures, stock index options, stock options today) and the market looks like a punctured bag of wet cement. Anything can happen though.
I covered the net long getting bounced on the first short. I still think we could see 11198 at an extreme as sellers accelerate with quad witching. Once I get to what I want as normal size, I can ride out the swings on hourly and 240 minute charts and take those larger chunks. We will see more of this perhaps into next year, but who knows? I will discuss patterns and targets this weekend.
Black Friday
or not
A decisive down leg would suit my current position. We’ll see what games are in store.
I covered the net long getting bounced on the first short. I still think we could see 11198 at an extreme as sellers accelerate with quad witching. Once I get to what I want as normal size, I can ride out the swings on hourly and 240 minute charts and take those larger chunks. We will see more of this perhaps into next year, but who knows? I will discuss patterns and targets this weekend.