Marty Schwartz wrote about this years ago. The idea is that the equities trade soft the week prior to the monthly expiration. From near that low they firm into the OPEX which, of course, is this week. That said, was last week just that? A Pit Bull Low???
Major changes in the market this week. Let’s take a look at the big picture risks of what is widely believed to be bullish and the one Ace the bulls have to play soon.
Oh, it’s never time to panic but it is time to be discerning about the trends and timeframes as well as realistic about the nature of August price action.
