Who knew...?
Despite the fire and brimstone on Twitter or YouTube, the SPY is 0.45% away from a new closing All-Time High.
Despite my opening today’s post with this data point, it has no impact on anything.
From an index level we are now surrounded by “call walls” and “GEX levels”. Personally, these are far more important than CPI etc, and options unwinding around VIXperation on Wednesday and OpEX on Friday will define how we move on this year.
I guess the Doomer Twitteratti will just declare this a double top.
Who knows?
I want to clarify that when I reference doomers and fire background thumbnails on YT I am not sitting here as an uber bull or indeed an uber anything.
Personally, I have been down that road of constructing stories to define the path.
The path doesn’t give a fuck about your stories. I learnt this the hard way.
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