SP500 E-min futures opened 200 pnts lower as I predicted. I have to make frequent updates because of the fast changing environment. This is just reading the market and you all can do it with practice.
Volatility on futures options has crossed 100! My God! I have never seen such readings. With SPX being at key level at 2022 peak and also at HVN, some positive news from Trump adviser that 50 countries want to negotiate with Trump, I see the market rally to 5000 very likely Monday open or close.
But I still believe 4150 as final resting place. I dont see any crashes below 4800 except 150 points near the target, as far as I can read.
But outside the readings, I do suspect a banking crisis like 2008 is looming. That would change everything because Trump is against bailouts. We will see when that happens
Volatility on futures options has crossed 100! My God! I have never seen such readings. With SPX being at key level at 2022 peak and also at HVN, some positive news from Trump adviser that 50 countries want to negotiate with Trump, I see the market rally to 5000 very likely Monday open or close.
But I still believe 4150 as final resting place. I dont see any crashes below 4800 except 150 points near the target, as far as I can read.
But outside the readings, I do suspect a banking crisis like 2008 is looming. That would change everything because Trump is against bailouts. We will see when that happens
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.