Friday, December 20, 2013

Market Update

Again, it seems the market couldnn't be much more predictable, take the IWM, the asset with the most work to do, the Q's with the second most...

The gains for today, DIA +.33%, and it easily hit the range and crushed it.

QQQ which had the second most work to do, up +.79% and just broke the range

SPY which doesn't have much work to do at all, up only +.0.20%

The IWM with the nMOST work to do, the one asset most traders would have thought, "This isn't breaking the range", up +1.47%!!!

Either that's MAJOR market dispersion from +.20 to +1.47 or if you simply look at the charts, it's Quad Witching options expiration, what do you think? It's pretty easy to see from price alone.

Look at the IWM since crossing the range closing highs.
 IWM crosses the "CLOSING" range highs on very little volume considering the move, watch what happens to 3C that was "Rising in agony"...

We start to go negative, mission accomplished, it just needs to be held there until those contracts cry uncle and close out . Typically most traders watch the closing high, not the intraday high.

IWM 2 min was rising in agony, now the negative divegrence is migrating, it has a sharp leading negative AT THE EXACT SPOT WHERE IT CROSSES THE MAX-PAIN THRESHOLD!

YOU DON'T EVEN NEED 3C FOR THIS, YOU KUST NEED TO KNOW IT'S QUADRUPLE WITCHING (QUAD OPTIONS EXPIRATION)

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