Pretty hard to believe, pretty hard to believe the market would believe it, but as we have seen and commented on numerous times, it's not the news, it's the reaction or the tone that sets the perception, move the market and people believe it until the denial comes out.
In any case, NQ looks to be the worst right now, NASDAQ futures, this is probably because of the way AAPL is acting today.
However, small caps in TF/ Russell 2000 futures aren't far behind the NDX as worst looking on the day.
The move is quite parabolic, it would be a great short squeeze, but as you saw earlier, the AAII sentiment survey is not showing much in the way of bears to squeeze.
This looks like it might be an interesting place for a SPY put.
No comments:
Post a Comment