All stock markets performed poorly this week. The S&P500, Nasdaq and Dow where down all of the last five days! The Asia stock market was down Friday with the Japan market almost 3% lower.
It is very unusual that the markets are lower everyday on higher volume. Although volume is higher it is not out of tolerance and therefore not indicating any extraordinary stress on the markets at this time….also have started to see put assignments, but only on a deep ITM WM37 within expiry tolerance.
WE NEED TO ESTABLISH A FLOOR…Expect weakness into the start of next week and then a rally to month end….THE SHORTS WILL COVER ON ANTICIPATION OF A RELIEF RALLY
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