I voted down
Over in the weekly intra day thread everyone seems pretty bearish I was surprised to see the poll so bullish here.
Here's my humble and noobish opinions for the coming week.
I updated my bull bear chart and it looks to me that the 1340ish resistance held and we move down to 1280ish from here :
I thought it might fun to take a look at HDGE this week (it's an active bear ETF) That bullish ascending triangle and rising volume looks pretty bearish for the markets imho.
... and this one is an absolute experiment. I took a daily put to call chart, smoothed it out a little with a ma(3), and made the price transparent. The objective being that I was trying to determine a range and were we are in the range. I don't even know if it would be applicable though it's just an experiment I'm gonna watch/tweak for a while to see if it sheds any light.
Edit: wanted to say that this suggested to me that we were in a lower range and more puts would be bought for protection this week. Bearish for the markets.
as usual thanks for letting me practice my charts and prognostications