i would avoid dip buying today tbh unless you see this get to 255. There was a lot of conditioning last week and calls paid huge. The rally at end of day was telling as well as how options opened up this week. They used fomo and momo to surge again big volume to 273 area. 10 pts above the highest call level. Causing mad rush of calls like no other.
They can pay one week with another. We overextended and they executed the perfect surge that I knew was coming. Saw the volume at 273 on 2 bars and saw enough. We shall see. Easy escape if wrong.
Conditioned dip buying also helps limit shorts they pay as most shorts get so gun shy they either stay out or cover after a couple pts. Anyways don't chase if playing bull today and use stops.
262.50 the target
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
