A strong downside test tomorrow with high volume, ending in green would be very bullish imo. (Even if close is lower than fridays close)
With the high options liquidity there’s also likely arb trading of volatility between the two. IV on the options currently seems low given recent head moves. But there’s also a large volume of options on issue so that by its nature may tend to smooth out heads volatility.
A strong downside test tomorrow with high volume, ending in...
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