There accumulation remains, the pattern is out of context with the rest of the week, but as I said, I think that had to do with fear Israel would hit the new reactor in Iran, that window is just about gone now, so maybe we are back to the usual accumulation patterns, in which case, it would suggest a possible bounce next week after letting the SPY $110 calls expire worthless today.
So make your plans accordingly and as you see fit.
5 years ago
2 comments:
Update on the latest Iran situation here:
http://www.zerohedge.com/article/iran-test-fires-touts-advanced-surface-surface-missile-day-ahead-nuclear-reactor-launch
Boy, it's scary to read the comments, I can barely remember the story. I thought it was a financial site, but the situation has sure touched some raw nerves. In any case, that' not what I'm about, but I do appreciate the update. I think now Russians are in proximity, an attack is off the table, that plus the full moon and Israel's typical operational procedures would imply an attack when least expected. The market hates uncertainty, but I wonder what the deal is with the long term accumulation in oil? I'll have to check on it, it could itself be a tell.
Post a Comment