2 replies to this topic

[da_cheif]

in triple digits.....fear relative to price remains extremely bullish

[tommyt]

Its eased a bit, but we should see higher prices looking out. Two seasonal corrective periods a year...May/June and Aug/Oct. This first one so far is a flat and bullish, a deeper one in Sept. One step at a time, as we should see a decent chance at ATH's in SPX coming.

[AChartist]

after 4 days could be some chop and declines, down up down in June, then possibly strongly up beginning later June,

 

and this could both align and satisfy weaker weekly pattern, this week has motivated some 

 

improvement in the weekly basis with some new supporting cycles during the June decline and 4 more days

 

strongly up can do more of that, well see.

 

But since the pattern is there probably down off an extreme high in 4 days, chop and bounce, low late June and go.

 

A 1x late june volatility hedge may still be in order off an extreme high in 4 days, I made enough here to spend that insurance

 

and these 1x volatility long calls are very cheap and could be cheaper in 4 days.