Guys check this out. Mole has 1060 as a possible target as well although he doesn't think it will get there. Just read this VIX commentary from him. http://evilspeculator.com/?p=15403#comments
June S&P E-mini Futures: Today's range estimate is again 1188 – 1200. The 1200 level is strong resistance so a break of 20-30 points is likely to start this week. The dull, listless trading makes me think this market has to go higher to attract enough sellers to generate a break bigger than 20-30 points.
1190.50 -1195.75 actual yesterday (5.25 points) 1188 low last night 1188-1200 estimate for today (12 points) 1191 currently, so estimate is -3 to +9 from here (bullish)
Looks like Carl does want those few points after all 🙂
Carl is now Long one unit at 1190.50
In May SPY puts and VIX calls.
Guys check this out. Mole has 1060 as a possible target as well although he doesn't think it will get there. Just read this VIX commentary from him.
http://evilspeculator.com/?p=15403#comments
Not that I've noticed, but Dreadwin has seen it.
Does he ever go short?
Morning Monica,
Just guessing: Carl doesn't go long for these few points.
Interesting – I think I will get short now just in case 🙂 No use worrying about a few points to the upside.
Carl’s morning call:
June S&P E-mini Futures: Today's range estimate is again 1188 – 1200. The 1200 level is strong resistance so a break of 20-30 points is likely to start this week. The dull, listless trading makes me think this market has to go higher to attract enough sellers to generate a break bigger than 20-30 points.
1190.50 -1195.75 actual yesterday (5.25 points)
1188 low last night
1188-1200 estimate for today (12 points)
1191 currently, so estimate is -3 to +9 from here (bullish)
I didn't realize that VIX closed below the Lower BB yesterday. Buying may puts and vix calls this morning.