The Game seems to be "guess the open". Seems the past few weeks if you could guess the open you called the market for the day. I suppose it is cheaper to control the market with off hour futures (if there is any funny stuff going on). Happened today... Again.... Other than the first hour my call was not bad for today.
Tomorrow it appears we have a majority of the short cycles up for at least the first half of the day. If the premarket futures cooperate the bias should be up for the first part of the day. By midday a couple of cycles turn down. So it should start to the upside and falter midday and go sideways (maybe some down bias).
Here is the chart:
GL traders. Do your own analysis and keep stops in place.
Looking at a handful of major stocks I follow, it appears options max pain for tomorrow is lower (or flat) from the pps this morning. If it does pop this morning you may want to pick up a few ITM puts.
ReplyDeleteExcellent again....what I learned today was that the larger cycles have a little more influence. Tomorrow should have a flat open and then it should go gang-busters as all short term cycles turn up in alignment?
ReplyDeleteShadow7 - agree the longer of the short cycles should prevail.
ReplyDelete