1) the moves are correspondent with VIX level, the implied volatility is huge. not a signal to runaway.
2) remember what happened during the last elections? related chart attached
now, as we do remember what happened back then there is quite possibility for history to repeat itself (no matter who wins, we will push up).
3) Algos should front run little bit as we all remember the 2016 election night. So we might see the buying start next week before the elections instead of running down.
4) We could also expect that as this year is a year of bold call options buying - that the rally will fail into option expiration and only after bringing maximum pain to all participants - we will start the rally.
5) monthly call options will expire on 20 Nov, so I would suggest to watch the market will revert down before that date.
Watch rejection from 3400 and buy the 3120 zone.
2) remember what happened during the last elections? related chart attached
now, as we do remember what happened back then there is quite possibility for history to repeat itself (no matter who wins, we will push up).
3) Algos should front run little bit as we all remember the 2016 election night. So we might see the buying start next week before the elections instead of running down.
4) We could also expect that as this year is a year of bold call options buying - that the rally will fail into option expiration and only after bringing maximum pain to all participants - we will start the rally.
5) monthly call options will expire on 20 Nov, so I would suggest to watch the market will revert down before that date.
Watch rejection from 3400 and buy the 3120 zone.
Comment:
3280->3362
probably good to close positions before the election and let us to watch from sidelines.
probably good to close positions before the election and let us to watch from sidelines.
Comment:
Wow. we did touch the UPPER trend line.
that was very very fast!
that was very very fast!
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KholleKhokk
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Here we go to 3400...