The bulls made progress this week as the market held structure on the dip.
Since Friday is option expiration (OPEX), we expected premiums to be crushed (as Chandler laid out in the Thursday newsletter) and to see wild swings.
Our focus today wasn’t on where exactly the market goes but instead on what trades we can take for December expiration.
We’ll use the Big 3 indicator to review the overall market (/ES) across multiple time frames. We’ll also review the positive MACD crosses that we’ve been taking note of recently.
Keep an eye on your inbox for Sunday’s newsletter, where we’ll compare the current structure of the market to previous months, review the weekly MACD crosses, and analyze individual sectors.
Stay Focused!