The market really insisted yesterday that I cover my longs before it rallies. Very unfriendly behavior!
The recent market behavior is not a good sign however, and the higher volatility will continue after today's important announcement. Normally, I would have expected a top today but the put/call ratio is oversold:
This suggests that a more important top will be made instead around the GDP number on Friday. The market may keep rising until then since expectations for Q4 GDP are positive.
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