Range bound market ?

As we konw, this is a range bound market. We almost completed 3 Full moon cycle in this rally . Next full moon day is Monday the 8TH.

As you noticed in the chart the green plot is mirror chart of the S&P when we came down. from March 9 th onwards market is following this chart about 80-85%. You can see a big down turn in the market from June 9 th -19 th.

Not only that all of the market sentiments are as right now is averbought condition. when a sell off comes, most of the people will take profit.

If you have profit in your portfolio, Please Please Hedge with some Put or sell some call against that towards resistance. It is not worth to take risk in this stage.

Have a good week end.
Enjoy

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