Zman Market Timing Message Board

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Strategies & Market Trends : Zman Market Timing

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To: zman69 who wrote (14600)	7/19/2017 4:22:59 PM
From: The Ox	Read Replies (1) of 15903

One possibility is that we are in the final short squeeze/distribution segment of this latest rally. Light volume and summer trading ahead, with a solar eclipse the Monday after next month's options expiration Friday. "All the stars (or planets) aligned" often creates major trend change targets. A massive ramp into the final short term blow off top right around SPX 2500+, TRANS near 10000, NDX near 6000, etc.... Lots of nice "round" numbers... No reason the market will play out in this fashion but there are plenty of profits to be taken and apparently plenty of shorts who are still getting creamed on each minor movement downward, expecting "this one" to be the start of the pullback. Then again, maybe the freight train will just keep on rolling along.....

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