SPX - What will Hold?
Updated
BLUF: Is this just a "HeadFake" or will the "DeadCatBounce" Sustain the momentum...NoFookinClue! This is the FookinTeslaShitShow environment we all partake in...pure comedy!
Note: Huge volume today at 3300,3350, 3250 and 3200. One key signal that the rally was going to run out of steam was the fact that implied volatility ( VIX ) never really broke after the morning gap down. Most were looking for the VIX to decline as a signal that options were being sold, providing fuel for a rise in the markets. The idea being that closing puts at 3200 and 3250 should push dealers to buy back short hedges. Tomorrows option data will be key in spotting the next move as we assess just what open interest is from todays volume ...TBD!
"This market is kinda like the numbers that come out of FookinChina...BSFlagIsRaised...Spidey-Sense FookinHI"
Note: Huge volume today at 3300,3350, 3250 and 3200. One key signal that the rally was going to run out of steam was the fact that implied volatility ( VIX ) never really broke after the morning gap down. Most were looking for the VIX to decline as a signal that options were being sold, providing fuel for a rise in the markets. The idea being that closing puts at 3200 and 3250 should push dealers to buy back short hedges. Tomorrows option data will be key in spotting the next move as we assess just what open interest is from todays volume ...TBD!
"This market is kinda like the numbers that come out of FookinChina...BSFlagIsRaised...Spidey-Sense FookinHI"
Note
This Market is kinda like Iowa...What a Shitasterfy....LMFAO at the pure Fear & Incompetence...We have a ChinaShitShow, a MarketShitShow and PoliticalShitShow...a perfect combination for the current Kibuki Theater we see playing out in front of us...Grab your popcorn and a cold beer....Lets Watch the Unfolding ShitShow...What's in front on Us?Note
Note
What Holds...We will see @ 0930?WTI Crude @ $51.11 Bearish
VIX @15.54 Bullish
Put/Call @ .83 Bearish
USD @ $98.09 Neutral
10 YR Yield @ 1.63 Bullish
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