One to Watch- Index, Stage 1 Base.
Mean reversion back to 120 WMA. Follows Vanna/Charm power week, now heading into week of Feb opex.
395-400 important potential magnet on downside?
Potential for leptokurtic move to the downside into March?
On a larger move down, 380 would come into focus?
Mean reversion back to 120 WMA. Follows Vanna/Charm power week, now heading into week of Feb opex.
395-400 important potential magnet on downside?
Potential for leptokurtic move to the downside into March?
On a larger move down, 380 would come into focus?
Trade active:
close over 415 on d=l/s flip
Trade closed: target reached:
Bounce 2std from 20dma into 8dma. Potential for further downside, but fighting chop.
Action= flip neutral on close over 397.5.
Action= flip neutral on close over 397.5.