=> Here we are approaching oversold levels and smart money will be looking for bargains as we go into year end.
=> Key resistance near 22000 is approaching and as Quants unwind after spike in rates we have strong divergence between factor value and factor earnings growth.
=> We do not see a large panic move in play here at the moment. neither in cash or options. On the options side we see investors taking profits on the downside positions implying the move here is almost over.
=> The recent price gaps will serve as resistance however our year end target remains at 24500.
=> Good luck to those buying dips.
=> Key resistance near 22000 is approaching and as Quants unwind after spike in rates we have strong divergence between factor value and factor earnings growth.
=> We do not see a large panic move in play here at the moment. neither in cash or options. On the options side we see investors taking profits on the downside positions implying the move here is almost over.
=> The recent price gaps will serve as resistance however our year end target remains at 24500.
=> Good luck to those buying dips.
