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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Qone0 who wrote (74300)	12/1/2022 7:35:38 AM
From: Lee Lichterman III	2 Recommendations Recommended By ajtj99 Sokka Read Replies (3) \| Respond to of 97946

Agree. Right now, the fuel is coming from shorts. EVERYONE is looking at that trendline around 4120 and the put/call ratio is climbing the higher we go. It's like in August when they were calling it the most hated rally. I haven't looked yet this morning but yesterday, there was a ton of puts at 3900 and below so I was pretty sure we wouldn't dump unless Powell went full blown Hawk. There were a bunch of calls though where we are now. Not as many as the puts down there but enough they probably don't want it too much higher before tomorrow's close. This morning, we get PCE, jobs data etc probably won't commit to a direction until after 10:00