$NVDA looks ok, but $SOXX looks to have started a downtrend (10/30w cross), after showing some serious distribution on monthly chart. Lots of negative divergences in the market. I'm sitting on hands this week:)
100% disagree. 0DTE has been a barren wasteland today and yesterday, The move last night was likely CTAs with a lot of headroom combined with big net short (COT) commercials in equity futures closing before exp. The election means dick. And the phrase "priced in" is always wrong.
![HIWWHEE | OHM [Official MV]](http://i.ytimg.com/vi/OJJLtTLqLag/mqdefault.jpg)
Don’t forget BOJ decision. Thoughts? How do macro events affect markets on same day as opex? More carry trade?
$NVDA looks ok, but $SOXX looks to have started a downtrend (10/30w cross), after showing some serious distribution on monthly chart. Lots of negative divergences in the market. I'm sitting on hands this week:)
100% disagree. 0DTE has been a barren wasteland today and yesterday, The move last night was likely CTAs with a lot of headroom combined with big net short (COT) commercials in equity futures closing before exp. The election means dick. And the phrase "priced in" is always wrong.