No this is not a top call, but this is not the r/r to be taking new longs.
Trends can stay long overbought before correction but data points to a breather on the horizon for tech and the Qs.
Selling CCs, Buying puts, etc.. to offset some delta is wise at this stage in the daily cycle.
The market breadth is about neutral as it gets which could be argued to either side.
Trends can stay long overbought before correction but data points to a breather on the horizon for tech and the Qs.
Selling CCs, Buying puts, etc.. to offset some delta is wise at this stage in the daily cycle.
The market breadth is about neutral as it gets which could be argued to either side.
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