S&P 500 Next Week Expected Move ($107.75)
Neutral Call, 4-day trading week with a huge expansion of Expected Move from last week's $62.
Last Week: $62 EM / 5 Days = 112.5/DAY --> Next Week: $107.75 EM / 4 Days = 227/DAY
Volatility is like toothpaste; Once it's out of the tube it's hard to put it back in.
The market is seeing a ton of risk in the volatility futures 47 days out for some reason. It's before the election.
The Dollar
DXY is the sleeping elephant in the room.
Enjoy your Labor Day, you earned it.
Best of luck next week,
- RH
Last Week: $62 EM / 5 Days = 112.5/DAY --> Next Week: $107.75 EM / 4 Days = 227/DAY
Volatility is like toothpaste; Once it's out of the tube it's hard to put it back in.
The market is seeing a ton of risk in the volatility futures 47 days out for some reason. It's before the election.
The Dollar
DXY is the sleeping elephant in the room. Enjoy your Labor Day, you earned it.
Best of luck next week,
- RH
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