GM Inverted H&SThe pennant was obviously a reversal pattern at this point, got a back test this morning and formed somewhat of an inverted H&S. In for some calls for a short term trade (probably until Monday).
I'm bearish but money flows into the market in January, just like last year. More so because they took the money out last year, so the money has to go somewhere.... which is right back into the market.
In any case, GM options have cheap premiums and good liquidity.