Kudos to MMs

1050 goes. Ok, you ___must___ buy 1042 SPX. Only traders with major cojones hold it long over the weekend. Prudent is just take profits on the bounce back to 1045-1050 before EOD.

 

VIX overvalued short term by $3.

 

"FV" ~850
"NFV" ~1035

 

1072 SPX obvious resistance.

 

"FV" ~855
"NFV" ~1042

 

1082 minor resistance. "NFV" has moved up to ~1048.

 

"FV" ~854
"NFV" ~1041

 

I am not convinced by this selloff, intraday, even though "NFV" "justifies" it.

I have to see what I want to do late today/tomorrow, but right now I am leaning slightly long.

 

Ok, SPX back to even.

Now it is much harder. I won't touch a directional trade for at least 1 hours from here. Better picture as the 1 CT hour approaches...

 

1 CT. The weakness in NQ should scare you if you are long. I am going delta neutral here.