Trap Above 200 day MA

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

코멘트:

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.