It is almost time to enter this nice beautiful Short on SPX.
Several technicals are showing an increased pressure to the downside with an apex coming pretty soon where the 200ma meets with historical resistance.
As well, fundamentally, MM are fully ready to harvest retail money.
As a reminder:
" At Charles Schwab, clients opened a record 609,000 new brokerage accounts, with almost half of them created in March alone. The firm saw 27 of its 30 most-active trading days ever, including every session in March, Schwab said. Omaha, Nebraska-based TD Ameritrade observed record trading, account openings and net new assets of $45 billion –about 60% of which came from retail clients, as opposed to institutions."
Let's see !
As well, fundamentally, MM are fully ready to harvest retail money.
As a reminder:
" At Charles Schwab, clients opened a record 609,000 new brokerage accounts, with almost half of them created in March alone. The firm saw 27 of its 30 most-active trading days ever, including every session in March, Schwab said. Omaha, Nebraska-based TD Ameritrade observed record trading, account openings and net new assets of $45 billion –about 60% of which came from retail clients, as opposed to institutions."
Let's see !