YS Weekly Market Forecast
The market finished strong last week, closing above the Mean (21 EMA) in a Bullish, Maruboza candle.
Could this be a sign of more upside?
As we look at the charts, I anticipate Monday being a perfect day for Calls right before Fed Jerome Powell testifies before the Senate on Tuesday and Wednesday. Wednesday looks to be a day of high implied volatility as the Job Openings (JOLTS) numbers gives us a sneak peek at how the market is doing.
We are looking at Calls for Monday and buying Put Debit Spreads (PDS) before the closing bell Monday as we anticipate a "hot" JOLTS report and Fed Jerome Powell addresses the Senate.
Could this be a sign of more upside?
As we look at the charts, I anticipate Monday being a perfect day for Calls right before Fed Jerome Powell testifies before the Senate on Tuesday and Wednesday. Wednesday looks to be a day of high implied volatility as the Job Openings (JOLTS) numbers gives us a sneak peek at how the market is doing.
We are looking at Calls for Monday and buying Put Debit Spreads (PDS) before the closing bell Monday as we anticipate a "hot" JOLTS report and Fed Jerome Powell addresses the Senate.
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