I’ve been looking at the SPX chart and both the 78 min and the Daily are showing a very bearish pattern. Jeff’s VIX indicator issued a downside warning on Oct 13, so I believe that we may be going down probably the next couple of weeks. That doesn’t mean that each day may be a down day though. There will be up days mixed in with down days; But IMHO, the direction now is mostly bearish. Unless the Feds do something to change the direction before the elections. Who knows?
Daily Archives: Saturday, October 15, 2016
Expiration 10/14/16
Expiration with max profit
$SPX 10/14 2220/2245 BeCS sold for 1.30 9/14
$SPX 10/14 1925/1950 BuPS sold for 1.50 9/14
$SPX 10/14 1920/1945 BuPS sold for 1.10 9/18