Waves aren't measured properly, this is a general thesis on the pivot / timing of pivot of this leg up.
"Stocks could rally in December..." - Jim Cramer
Dec 1 is Monthly Rebalance
Dec 16 is Monthly Opex
"Stocks could rally in December..." - Jim Cramer
Dec 1 is Monthly Rebalance
Dec 16 is Monthly Opex
Note
This would be scenario 2 in which the top is marked by OPEX.
Market is moving up based on 0DTE calls, with a severe gamma wall at 4200. This could drastically change post-OPEX. While the initial chart appears correct, I'm expecting options market activity to reflect a more bullish sentiment heading into OPEX in this scenario 2.
Be flexible, hold strong opinions, but hold positions lightly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.