The week began with a Sunday evening session that closely resembled last Sunday. Next came a bounce and rally that also mirrored the overnight trade of last week. However and unlike last Monday, another massive burst selling never appeared after the Comex open and, as such, we were able to avoid a second consecutive Monday wipeout.
Of course, today wasn't option expiration day and there are no Dec24 contracts remaining to be liquidated so the fact that today didn't turn out like last Monday shouldn't be too much of a surprise. The question now becomes...where does the week head...
