Cautious Optimism Into the New Year
Updated
Cautious Optimism best describes my feelings about how this santa rally will end.
Santa Musk continues to mess with shorts as he unwinds his options Tranches.
Is he done yet? who knows, but it's fun to watch.
As for futures, a fairly balanced day yesterday.
After the bull run we had, one should expect a cooling off period.
If RSI on the 4hr bounces off 64.5 like it did in OCTs rally
I would expect the sleigh ride to keep running through the new year.
Overnight both Bitcoin and Futures were flat.
Going into Dec 31, I was expecting weakness as a result of JPM trade
But over at SpotGamma youtube he explains a different impact.
https://twitter.com/spotgamma/status/1475904275192721415
TLDW: Dealers will need to cover shorts on futures. Futures go Up...
My expectations is flat today, then short squeezes and volatility into the new year.
Maybe a few more all time highs
My Observations. Not Financial Advice.
Happy New Years traders. trade smart.
Santa Musk continues to mess with shorts as he unwinds his options Tranches.
Is he done yet? who knows, but it's fun to watch.
As for futures, a fairly balanced day yesterday.
After the bull run we had, one should expect a cooling off period.
If RSI on the 4hr bounces off 64.5 like it did in OCTs rally
I would expect the sleigh ride to keep running through the new year.
Overnight both Bitcoin and Futures were flat.
Going into Dec 31, I was expecting weakness as a result of JPM trade
But over at SpotGamma youtube he explains a different impact.
https://twitter.com/spotgamma/status/1475904275192721415
TLDW: Dealers will need to cover shorts on futures. Futures go Up...
My expectations is flat today, then short squeezes and volatility into the new year.
Maybe a few more all time highs
My Observations. Not Financial Advice.
Happy New Years traders. trade smart.
Note
Bitcoin taking a dive since 7am pre-market.sell off that started Dec 27 12pm is still going...
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