December's Option Max-Pain Targets

have been floating around 50.5 to 50.96, very close to last Friday's QQQQ closing price. The stability of the target price over the course of the month has been a little surprising to me, but it's good to know.

Real QQQQ prices has been fluctuating +/- 2.0 around the target price last month. For November when the target was around 52.5, the fluctuation was between +2.5 and -3.5.

Today's target price for January 18 QQQQ price is 49.6. Does this mean the market will bounce between 49.6 +/- 2.0 over the next 4 weeks?

I guess we'll find out.

When does the market go down?

When the bears have ran out of ammo. This month the volume of put contracts has really gone down. The outstanding puts are down 30% compared to last month and down even more compared to August.

Last two day's retracement

to the neighborhood of the 50-day SMA offers another opportunity to enter on the short side, for those who missed the chance on late October.

Most markets should make a move to the short side in the near future.

Let's record today's numbers for the following short candidates:

QQQQ: 51.31
DIA: 134.16
SPY: 148.66
EEM: 154.4
IWS: 143.7
IWM: 76.58

GOOG: 693