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

To: catou1 who wrote (74942)12/19/2022 2:13:45 PM
From: kwills  Read Replies (1) | Respond to of 97539
 
From a seasonality point of view, the SPX makes a low between 12/13 and 12/21. We have turn windows this week on 12/20 and 12/23 – the Tuesday after a monthly expiration is a turn window and if Tuesday comes in as a low for the week, we will expect a bounce into the 12/23 New Moon on Friday. Just a corrective bounce into the 12/23 New Moon will argue for more downside after the X-mas holiday. #SCR



To: catou1 who wrote (74942)12/19/2022 2:19:23 PM
From: Sun Tzu1 Recommendation

Recommended By
catou1

  Respond to of 97539
 
Andy set SPX year end target of 3835 based on Citi's huge options position (straddle - I think - product that Citi sells to other fund managers). I am not sure if the target was a ceiling or just pinned it. I think the latter. If so, then SPX should just hover around where it is.


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