The first Tuesday after monthly options expire there will be some price movement for the entire market due to option T+1 and Share T+2 settlement from Friday's monthly expiries. As always, this will probably be a single day event.
There's a possible downside of $19-21 before anything, or this may be the bottom, up to you to decide. I only know that there will be movement on Nov 1, no idea what happens before or after that. I don't know if this is the correct buy in area, i only know the price goes up on Nov 1. If i knew what happens beforehand i'd be rich.
I'm more confident in the 1'st of Nov than i am for Nov 22.
There's a possible downside of $19-21 before anything, or this may be the bottom, up to you to decide. I only know that there will be movement on Nov 1, no idea what happens before or after that. I don't know if this is the correct buy in area, i only know the price goes up on Nov 1. If i knew what happens beforehand i'd be rich.
I'm more confident in the 1'st of Nov than i am for Nov 22.
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It begins. I can see this lasting today and tomorrow. It should fizzle the day after tomorrow.
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This is it, it's either liftoff at these levels or it's done.
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Nope, it's done. Come back and play again on the next cycle.
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I might not make a new post for this next cycle. For once i want to keep everyone in the dark and see how people not knowing affects the cycle.
So, fake breakdown and fake breakout. Play safe.