Quote from Bigpipn:
Something about today's tape doesn't sit right with me. It makes no sense.. That was someone protecting something.. but why? Why way up here?
It's time to buy some vola.
Month-end and Q3 "window dressing" though there isn't much to dress now....
This rally is riding on fumes now, failed again AH session at 822.... possibly another attempt to go past 820/825 and then to 860 as final top in this bear market rally.... but it looks frothy and ready to fizzle out soon.
