SOX needs to backtest the breakout before 5125, because Thursday's PPI is basically looking pessimistic, overall momentum is insufficient, and the reasoning is quite strange, it is obviously being manipulated. An increase in PPI indicates that CPI will also rise next time. Inflation is accelerating. However, the ten-year US Treasury yield has been forcibly pulled down, (because the 30-year Treasury is being auctioned, there is likely a hidden force suppressing market interest rates).
In this session, it can be seen that the market makers are determined to eliminate the bearish Options. Therefore, the rise on Thursday can only be described as ridiculous...
Just checked, Friday's max pain for QQQ is 535.9 as of Thursday's close. The max pain is 525, which is also the 1st, and since the market makers have worked hard to push it up, the outcome should be headed toward 536. However, the market makers will definitely find a way to make retail investors with long Options (525-536) give up before the settlement on Friday.
So I guess it's a guess....On Friday, it will go down first, then pull back in the final trading session. (Luck is not on my side, the probability of guessing correctly is low..), because this is an old routine, just not sure if it will be used this Friday.
It's still better to use Indicators.
SOX four-hour MACD's DEA is still negative, with a tug-of-war between bulls and bears, it seems not over yet...
Next Monday is a holiday, and during this time, news about the trade war will influence next week's market trend.
Personal opinion is to not Hold long or short positions; it is about next week.

Top priority is to make money.

We saw the major U.S. stock indexes decline on Friday (07 Feb) after the release of the University of Michigan Consumer Sentiment survey. The stock market did start positively and marginally higher after the jobs data, but selling pressure came after the release, this could be due to investors are also trying to comprehend the monthly employment number and the sharp drop in consumer sentiment.
The S&P 500 and DJIA de...

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