I have been dropping clues since I have been back. 1. Monthly options exp has seen many drops this year to flush out put sellers. 2. Light volume float higher and tiny candles 3. Negative news has been mounting and market is priced for perfection. 4. The price action off of the low yesterday was choppy (bearish). 5. 1OP was hardly > 0 today 6. The market was drifting lower all day before the FOMC.
December 1, 20221 min read