I want to give a big high-five to my new found friends the mutual fund managers and to Shai because of who I could so carefully execute a plan and the move from 5220-5272, which we have been talking about on the blog for a few days now.
Yes, It was on the charts and yes Market profile pointed to the move. Yes, Shai used some option arithmetic and told me this morning that we will get an expiry near 5272, but without my mutual fund manager friends who are so keen to protect their gains for the year, would this move have been possible?
As for what the charts are saying, don’t even think to short before this month is over.
