Everything has been very choppy, even the TICK, it looks like the market is going to try and make another leg lower shortly (before the close).
I've been thinking about the weekly option expiration pins we have been seeing and if memory serves me correct, we usually see a move toward the pin on Thursday and then a deeper move to the pin on Friday, so this is just me writing out loud, but a move down today would seem to imply a lower pin tomorrow. It would also seem to make sense to me from a sentiment perspective, although I haven't run any max pain calculations yet.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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