Sun, 28 May 17, 10:25:23 AM UTC
Subscriber: Log in
03-24-14 SPX Daily Headline Chart

March 21, 2014: Failure to retain breakout frustrates both Buyers and Sellers.

03-24-14 SPX Daily Headline Chart

A volatile options expiration frustrates both Buyers and Sellers. SPX remains in a defined consolidation range with the final resolution to determine the direction of a durable trend. End of month seasonality slightly favors Buyers and a possible breakout higher. However, prudent investors/traders will wait for confirmation. Until then, speculative participants may continue to consider Implied Volatility Band set-ups (long and short) as long as market breadth is not too extreme.

Comments are closed.