Appears to be time. If you like to risk a little, options on these [bleep] can go 1000+% in a blink. Great set ups to keep an eye on in CVNA,NIO,PTON,PENN and many more. Could also play it with RUT or IWM options. I’ve been so hung up on SPX because I’m so familiar with how it moves but RUT has been on the move the last few weeks.
Which indicates breadth expansion. I was thinking a pull back to the scene of the crime at around 4200 S&P, but I’m not sure now we may just take off from here. We’ll have to see how far we correct during this rotation, I’d still like to see an S&P pull back.
Open the market already!
