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Bull ST target...and maybe more

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#1 tommyt



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Posted 13 June 2018 - 12:38 AM

Its been a nice summer rally. The next SPX target is the 2800-2820 zone this expo week filled with news. Lets see if that area can create a rejection. Like clockwork, summer rallies are almost always followed by a bad Aug top into Oct somewhere. Looks like we are on schedule this year so far. Expecting another nice vol play, and with VIX down into the previous 9-12 base area, it looks ripe. P/C's are about there, and usually a tad early with price topping last on divergences and the like. No shorts YET, Stay tuned.