Voltref

The Chop is almost over...

CME_MINI:ES1!   S&P 500 E-mini Futures
Well well well it would seem we have made it to the target zone I was hoping for: 3750. This IMO is level of straight madness; equities and cryptos (rip XRP) have continued running crazy with the careful care of the Fed. However we have now overextended to the 11th degree. I expect at least a 10% drop between now and the middle of February. Whether that comes all at once or not is not my concern, play that how you would like in puts or inverse calls. You can wait for the price to drop however the premium will get killed. Be ready for the potential of a limit down day going into the Jan 5th runoff. People have been ignoring the potential massive risk being associated to the result of that race on top of the continued games being played in the government with the status of stimulus bill not being agreed on. Trade smart and safe.
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