We Shall see, but the level the VIX was at was implying about the size of a move we already had today. 990 for today is wishful thinking. I'm not saying we aren't heading much lower, but it just sounds like the bears are getting greedy, and will only end up handing money back as we have a relief rally.
So far, we hit a low of 101.13 spy, just shy of the 100.72 fake print I got. I still think we will see that print hit. Possibly into the close today, or on the jobs data tomorrow morning, but I still see a panic flush below 1000 coming.
I disagree IlliniKap. They will break the 1000, and then do a hard reversal to squeeze out the bears that go short below 1000… it's just how they play the game.
We are not getting 990. Mark my word. NYMO is finally giving positive divergence, and we will have a relief rally. There is way too much support between here and 1000.
Should have bought deeper in the money calls. The volatility drop is offsetting any of price gains.
Isn't that amazing how we with down to within pennies of that fake print, and then reversed… LOL
Looks like some folls want to bounce it again so they can unload.
gonna get interesting.
I think we will see 1070 by opx, so you should be fine.
It might come into the close today, or tomorrow morning on the jobs data?
I did go long with a could of SSO calls
We Shall see, but the level the VIX was at was implying about the size of a move we already had today. 990 for today is wishful thinking. I'm not saying we aren't heading much lower, but it just sounds like the bears are getting greedy, and will only end up handing money back as we have a relief rally.
So far, we hit a low of 101.13 spy, just shy of the 100.72 fake print I got. I still think we will see that print hit. Possibly into the close today, or on the jobs data tomorrow morning, but I still see a panic flush below 1000 coming.
I disagree IlliniKap. They will break the 1000, and then do a hard reversal to squeeze out the bears that go short below 1000… it's just how they play the game.
We are not getting 990. Mark my word. NYMO is finally giving positive divergence, and we will have a relief rally. There is way too much support between here and 1000.