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SPX 500 I Two areas of potential long opportunity Welcome back! Let me know your thoughts in the comments! ** SPX500 Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
SP:SPXLong
by BKTradingAcademy
2
SPX 500 Breaks Record High, Targets 5650US SPX 500 – technical overview Longer-term technical studies continue to look quite extended, begging for a deeper correction ahead. At the same time, the latest bullish breakout to a fresh record high beyond the 2024 high opens the door for the next measured move upside extension targeting the 5650 area. Key support comes in at 5194. R2 5500 – Round Number – Strong R1 5450 – 7 June/Record high – Medium S1 5321 – 7 June low – Medium S2 5194 – 31 May low – Strong US SPX 500 – fundamental overview Though we have seen a healthy adjustment of investor expectations towards the amount of rate cuts in 2024, the market still hopes policy will end up erring more towards the investor friendly, accommodative side of things. This bet has kept stocks well bid into dips and consistently pushing record highs. Still, if there is a sense the Fed will need to be more sensitive towards erring on the side of higher rates, it could invite major disruption to the stock market. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
BLACKBULL:SPX500
by BlackBull_Markets
Where to from here on SPXI posted this chart few weeks ago as a follow up to my short to show the few paths SPX is going to take after it begins the descent and SPX has followed the one where I explained about a break of the channel into the deviation below. please refer links below the description to look at my previous posts on SPX short idea. The only difference is that this happened a bit slower than I anticipated, which makes this drop out of the channel less likely to be a deviation now. As you can see, we are bouncing from the Support zone as I had highlighted in my previous post. Which brings us to the question of where we go from here. On The Daily TF we have first hints of a reversal or a decent size bounce from here, we have bounced from a key support and ended the day with right candle stick on the daily, but we need one more day of price action to confirm the reversal. If we get another green day without breaching the low, we are likely to head up. But if we zoom in to 4h TF things become clearer. Let's Look at the following chart: On Friday we broke structure to the upside on 4h and created a strong low at 4336. That number is not random , Will cover this in the next chart. If we get a pull back and break higher than Fridays high, we will get a full Change of trend on 4h TF. Once we do, we should be able to break all the 4h strong highs until we meet the Daily Strong high at 4502 which is what I think will be hard to break and we will get a strong rejection from there. From there we can do one of the two things, either come back down create a double bottom and try again to break the daily high at 4500 and continue higher. If not, we will continue the daily trend by breaking 4336 low and head lower. Now let's look at why the price bounced from 4336. The following chart has the answer. If you know VPA, then you know price moves in ranges, just like candle stick patterns are fractals, Ranges can act like fractals as well. In the chart you can see There are 3 ranges R1, R2 and R3 that formed on this uptrend. R3 is the larger range that encompasses R1 and R2 and 4336 is the VAL of this bigger range and as Per VPA theory , price in a range keeps roughly bouncing between VAH and VAL of the ranges .If you look at the VAH of R3 it coincides precisely with the Daily strong high at 4500 which gives us another confluence for a rejection there into the Daily OB shown in previous chart. Finally, if throw regular old fibs and Gann Fan into the mix we get additional confluence for a rejection at the 4475-4500 region as shown in the chart below. 4475 region is a Gann resistance and 4475-4500 0.5 to 0.618 region of the retracement. Some Projections: If we do get a move like the one, I have explained, i.e. move to 4500 area and reject, we will have few patterns emerge like inverse H & S and cup and handle. I have highlighted the targets if they mature. But always remember all these patterns are pure manipulation by large institutions to trap retail traders, it possible that there is a fake out into the pattern where pa comes to lower 4300s and then reverses from there can creating yet another pattern a Double bottom, so only trade confirmations based on market structure change. Happy Trading App!!!
OANDA:SPX500USD
by zakoraio
1
BluetonaFX - SPX Approaching All-Time HighHi Traders! We are approaching the all-time high on the S&P 500, and traders are eagerly anticipating tomorrow's Federal Reserve interest rate decision along with the FOMC minutes meeting announcement. Looking at the technical price action on the 1W chart, the market has been in a steady bull market since October 2022. We have drawn the ascending price channel on the chart for you to see. Before the all-time high at 4818.62 (the apex level), there is a resistance level at 4637.30. This level is key because there was a price rejection at this level 16 months ago, and we have not been above it since then. If we get a break and close above 4637.30, then the apex level at 4818.62 is the next target, and if that breaks, then we will be trading in record-breaking territory. On the other side, if 4637.30 holds and there is not a break and close above this level, then the bull market we have had for the past 16 months may be coming to an end, and we may get a pullback to the long-term support level at 4325.28. Please do not forget to like, comment, and follow, as your support greatly helps. We appreciate your continued support! BluetonaFX
SP:SPX
by BluetonaFX
2
S&P500 hits target, Time for a correction?The S&P500 has hit our first target a couple of days ago. Now the price is at the lower level of the resistance zone. This could mean that a correction is due. I believe that the resistance will be either broken or held at the end of the week. In this case, the most likely scenario is that the resistance will hold, and that we'll see lower prices for the upcoming weeks. This post gets invalidated the moment the lower resistance level breaks.
SP:SPXShort
by FetchTeam
S&p500 Golden Swing Opportunity We are in a very crucial zone in terms of time and price on Sp500 right now and people who make the right decisions will make money. But to make the right decisions you must look at the data and filter out all the noise and be patient. I have presented my case for incoming selloff a few times before and now it's all coming together. I have provided the links to my previous posts below, please go over them to get the full picture. I am building shorts in 4185 to 4230 Area and there are several reasons for that. Technical Reasons: 1. On the chart I have a large parallel channel. Currently the price is hovering near the top edge of the channel. This itself is a reason to look for shorts here. 2. Chart also has an indicator which shows 9 count sell signals as per TD sequential method. Notice what happened last time when the price was near the top of the channel. We got two consecutive nine count sell signals and as soon as price hit the top of the channel multi month sell off began. We have something remarkably similar going on right now. 3. Last time when we were near the top of the channel, we had bear divs on RSI and Money flow, we have them now as well. 4. We have harmonics ratios providing heavy resistance from 4214 region and upwards. 5. Another thing to notice is 4300 is 61.8 retracement level of the move from the top, That's another reason to build shorts here, one should not wait for 4300 to be hit to build short, as its absolute top and may not get hit due to other factors I mentioned above. If we begin the selloff in the coming weeks, we are looking at a possible 30% drop from current levels, in the next 3 to 4 months. I have provided these targets and measures based on past price action from top of the channel to the bottom, this of course is not going to be 100% accurate can change based on future market moving events. We also have below confluences for targets motioned in the chart above: June 14th We have Fed event, and SPX has been moving in the highlighted disjoint channel for a while so if we intersect 14th June with the channel we get the max upside and downside targets. Fundamental reasons: 1. The Fed's actions to raise interest rates are likely to slow the economy, which will lead to a recession. The Fed has said repeatedly they will continue to raise rates to bring down inflation to the target goal of 2% which is not yet achieved so no rate pauses as institutions and new media like people to believe. 2. Debt Ceiling battle: With no resolution in sight, the uncertainties surrounding this event could be the trigger to start the selloff although I am not discounting the possibility of a manipulative rally to 4300 which is a fantastic opportunity to build shorts. 2.1 If there is no resolution on this topic and US defaults everyone knows what will happen , so, until that is resolved all the contrarian traders should be extremely cautious. If you like my content, then please boost, and share this post. I have over 6 years of trading and investing experience and have learned a lot in this time. I like to share what I have learned. If you would like to learn from my experience then follow me on trading view to get notified on my trade, market projections and several upcoming technical analysis and in-depth tutorials on technical Indicators. You can also leave a comment and let me know if you want me to look at any specific asset or want to learn about any specific topic in the world of Technical Analysis. I Will do my best to create a post for it. Keep learning and Happy trading All.
OANDA:SPX500USDShort
by zakoraio
2
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * US New Residential Construction saw Building Permits for November down 11.2% from October to 1,342,000 and November Housing Starts down 0.5% from October to 1,427,000 . These numbers are reflective of an economy preparing for weakening demand as we head into 2023. US November Consumer Confidence spiked from 101.4 in November to 108.3 in December following two consecutive months of decline . This number is likely reflective of a lower CPI in November paired with expectations of continued lower inflation in 2023. Nike beat on both top and bottom 2023 Q2 estimates with its second best quarter of revenue growth in the past 10+ years , this is likely due to Black Friday sales and holiday shopping but is also reflective of a still strong US consumer. It was confirmed today by US Secretary of State Antony Blinken that the first transfer of the Patriot Air Defense System will be included in the most recent $1.85b aid package that the US will provide to Ukraine . Ukraine President Zelenskyy has also landed in the USA to meet with President Biden and deliver a speech to a joint session in Congress later tonight. Russia has previously declared that any Patriot Missiles supplied to Ukraine would immediately become legitimate targets of their armed forces attack . US Equities, US Equity Futures, Energy, Agriculture, DXY, HSI and N100 are up. Cryptos are mixed. Metals, GBPUSD, EURUSD, JPYUSD, CNYUSD, NI225, VIX and US Treasurys are down. Key Upcoming Dates: US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently testing the 50MA at $3875 as resistance. Volume is currently Low (high) and on track to favor buyers for a second consecutive session. Parabolic SAR flips bullish at $4045, this margin is neutral at the moment. RSI is currently testing the uptrend line from January 2022 at 46.5 as resistance. Stochastic crossed over bullish in today's session after retesting max bottom and is currently trending up at 11, the next resistance is at 17. MACD remains bearish and is currently testing -11.45 support. ADX is currently trending down at 13.6 as Price is attempting to defend support at the 50MA, this is mildly bearish at the moment. If Price is to reclaim support of the 50MA it will have to close above $3875 as well as recapture support at $3913 minor support . However, if Price is rejected here at the 50MA, it will likely aim to retest the lower trendline of the descending channel from July 2021 at ~$3710 as support . Mental Stop Loss: (one close below) $3810.
SP:SPX
by dailytaguy
2
SPX Daily TA Neutral BearishSPXUSD daily guidance is neutral with a bearish bias. Recommended ratio: 45% SPX, 55% Cash. * The FOMC announced a 50bps rate hike today and adjusted their Dot Plot to reflect a 5.1% FFR in 2023 . Markets rallied prior to the announcement and then fell shortly after, though this could have been a short-squeeze, Equity and Crypto markets could see more downward pressure as investors return to Bonds; currently FFR futures traders are anticipating a 75bps rate hike on 02/01/23. DXY, US Treasurys (mixed) and Natural Gas are up. US Equities, US Equity Futures, Cryptos, Commodities, GBPUSD, EURUSD, JPYUSD, CNYUSD, HSI, NI225, N100 and VIX are down. Key Upcoming Dates: Next GDPNow US Q4 GDP estimate 12/15; US November New Residential Construction at 830am EST 12/20; US Final Q3 GDP Estimate at 830am EST 12/22; US November PCE Index at 830am EST 12/23; UofM Consumer Sentiment Index at 10am EST 12/23. * Price is currently trending down at $3995 and is at risk of breaking below the uptrend line from 10/13 after being rejected by the 200MA at ~$4035 as resistance. Volume remains Moderate (high) and favored sellers for a second consecutive session; Price briefly touched the VP Point of Control at ~$3970. Parabolic SAR flips bearish at $3920, this margin is bearish at the moment. RSI is currently testing 52.68 as support after crossing above it to start the week. Stochastic remains bullish and is currently testing 43.62 resistance. MACD remains bearish and is currently at risk of denying a trough formation at 33.08 support; if it loses 33.08 support then the next support (minor) is at 10.73. ADX is currently trending up slightly at 16 as Price attempts to defend the uptrend line from 10/13, this is neutral at the moment. If Price is able to bounce here and reclaim support of the uptrend line from 10/13 at ~$4032 (which coincides with the 200MA), it will have to break above $4058 minor resistance in order to retest the upper trendline of the descending channel from November 2021 at ~$4150 as resistance . However, if Price continues to break down here, it will likely retest $3913 minor support . Mental Stop Loss: (one close above) $4058.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% SPX, 48% Cash. * CRITICAL RESISTANCE WATCH . US Equity Futures are starting the week down as Cryptos are attempting to finish the week up (barely). Markets are apparently getting spooked by the unrest in China and how it may affect demand if the CCP is to enforce stricter lockdowns with the uptick in Covid infections. It's unprecedented to see this kind of revolt in China in modern times, with chants in Shanghai for the CCP and Xi Jinping to step down ; all I can say is, bravo to the Chinese citizens for standing up to the scam that is Covid lockdowns. It's a big week for economic data so be prepared for a bit of volatility if the numbers point to more inflation. JPYUSD is up. Meanwhile DXY, US Treasuries, US Equity Futures, Cryptos, Metals, Energy, Agriculture, HSI, NI225, CNYUSD, GBPUSD and EURUSD are down. Key Upcoming Dates: US Consumer Confidence Index at 10am EST 11/29; 2nd BEA Estimate of US Q3 GDP at 830am EST 11/30; Fed Chair Jerome Powell speech at Brookings Institute at 130pm EST 11/30; Beige Book at 2pm EST 11/30; October PCE Index at 830am EST 12/01; November Employment Situation at 830am EST 12/02; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 .* Price finished last week stalling at $4026, just below $4058 minor resistance which coincides with the 200MA. Volume was Low (high) due to a shortened trading session and has favored buyers for three consecutive sessions; it has also been shrinking for ten consecutive sessions which is indicative of an impending breakout/breakdown. Parabolic SAR flips bearish at $3867, this margin is mildly bearish at the moment. RSI is currently trending sideways at 62; the next resistance is at 68 and the next support at 53. Stochastic remains bullish and is currently trending up at 97 as it approaches a retest of max top. MACD remains bullish and is currently trending up at 62 but is still technically testing 55 minor resistance. ADX is currently trending up slightly at 21 as Price continues to push higher, this is mildly bullish at the moment. If Price is able to breakout above $4058 minor resistance + the 200MA then it will likely retest the upper trendline of the descending channel from November 2021 at $4175 resistance for the first time since 08/22/22. However, if Price breaks down here, it will likely fall back to ~$3953 as support before potentially retesting $3913 minor support . Mental Stop Loss: (one close below) $3953.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 60% SPX, 40% Cash. * October CPI rose 0.4%, the same increase as in September ; but what moved markets was that Core CPI rose 0.3% compared to 0.6% in September. Such an impulsive rally after one dovish CPI print is hardly sustainable in a bear market; however, if the UofM Sentiment Survey tomorrow is bullish and Russia renews their grain deal with Ukraine on 11/19, this rally may be able to continue into the PCE report on 12/01. Equities finished up in today's session and Equity Futures, Oil, Agriculture, DXY, Long-Term US Treasuries, HSI, NI225 and CNYUSD are up. Cryptos are correcting after many experienced a ~20% rally in today's session. VIX, Natural Gas, Gold, JPYUSD, GBPUSD and EURUSD are down. Russia ordered their citizens to evacuate Kherson City in anticipation of a Ukrainian shelling that would level the whole city, this of course is probably another False Flag operation because Ukraine likely has no interest in destroying their own infrastructure. Ukrainian military officials cast their doubts over such a retreat and think it's a ploy to lure Ukrainian soldiers into a central location to maximize inflicted damage. Key Upcoming Dates: UofM November US Consumer Sentiment Survey at 10am EST 11/11; Fourth GDPNow Q4 GDP estimate 11/16; Russia/Ukraine Grain Deal Expiration on 11/19; 2nd Estimate of US Q3 GDP at 830am (EST) 11/30; October PCE Index at 830am EST 12/01; Last FOMC Rate Hike Announcement of 2022 at 2pm EST 12/14 . * Price finished today's session trending up at $3956, it's still technically testing $3913 minor resistance and will need to close above it in tomorrow's session to help confirm bullishness; considering that Price appears to be legitimately breaking above the 50MA for the first time since 07/19, it may test it as support before continuing higher. Volume finished the session High (moderate) and obviously after a bullish CPI when inflation is the number one market focus, it favored buyers; Price is trading in the second largest supply/demand zone on the chart. Parabolic SAR flips bearish at $3700, this is mildly bearish at the moment. RSI is currently trending up at 60 with no signs of peak formation as it approaches a retest of $4058 minor resistance. Stochastic resisted a bearish crossover in Wednesday's session and is currently trending up at 60, it's still technically testing 48 minor resistance. MACD remains bullish after also resisting a bearish crossover in Wednesday's session and is currently trending up at 21 as it attempts to confirm a break above 11 minor resistance. ADX is currently beginning to form a trough at 17 as Price has been pushing higher, this is mildly bullish at the moment. If Price is able to flip $3913 minor resistance to support then the next likely target is a retest of $4058 minor resistance . However, if Price breaks down below $3913 minor resistance , it will likely retest ~$3855 as support before potentially falling lower to test the 50MA as support at ~$3800 . Mental Stop Loss: (two consecutive closes below) $3913.
SP:SPX
by dailytaguy
SPX Daily TA Cautiously BearishSPXUSD daily guidance is cautiously bearish. Recommended ratio: 35% SPX, 65% Cash. * BOUNCE WATCH . US September Building Permits came in 1.4% higher than in August while Housing Starts registered 8.1% lower , following a recent trend of builders making more plans to build but being unable to start. Several factors contributing to this include average 30yr Fixed Mortgages going above 7%, more supply chain interruptions delaying building material/parts arrivals and inflated prices that are increasing the cost of new builds. Equities, Equity Futures, Cryptos, Gold, Agriculture, EURUSD, GBPUSD, CNYUSD, JPYUSD are all down while DXY, US Treasuries and the VIX are all up. The 19th GDPNow US Q3 GDP estimate is now 2.9% compared to 2.8% on 10/14 . Putin has announced Martial Law in all four of the Ukrainian territories he "annexed" a few weeks ago . Key Upcoming Dates: S&P US October Manufacturing PMI at 945am EST 10/24; US October Consumer Confidence Index at 10am EST 10/25; US September New Home Sales at 10am EST 10/26; US Q3 GDP First Estimate at 830am EST 10/27; US September PCE Price Index at 8am 10/28; FOMC Statement at 2pm EST 11/02.* Price is currently trending down at $3685 after forming a peak just below the lower trendline of the descending channel from August 2021 at ~$3760, the next support (minor) is at $3658. Volume is currently Low (high) and on track to favor sellers for a second consecutive session. Parabolic SAR flips bearish at $3495, this margin is mildly bearish. RSI is currently trending down at 45 after forming a peak at 48.5 as it approaches a retest of the uptrend line from January 2022 at ~42 as support. Stochastic remains bullish and is currently trending up at 95 as it approaches a retest of max top. MACD remains bullish and is beginning to form a soft peak at -62, it's still technically testing the uptrend line from March 2020 as resistance at -76 minor resistance. ADX is currently trending down at 30 as Price is beginning to fall, this is neutral at the moment. If Price is able to bounce here then it will likely aim to retest the lower trendline of the descending channel from August 2021 at ~$3770 as resistance . However, if Price continues to breakdown here, it will likely formally retest $3658 minor support . Mental Stop Loss: (one close above) $3700.
SP:SPX
by dailytaguy
SPX Daily TA Neutral BullishSPXUSD daily guidance is neutral with a bullish bias. Recommended ratio: 52% BTC, 48% Cash. * SHORT SQUEEZE WATCH . US September CPI came in 0.4% higher than in August compared to a 0.1% increase from July to August , and CPI without Food + Energy came in 0.6% higher, signifying that the decrease in fuel prices wasn't enough to slow inflation. This leaves the Federal Reserve in a comfortable position to raise another 75bps or more on November 2nd. Markets initially dumped on this news but have since rallied with Equities, Equity Futures, Cryptos, Energy, Agriculture, US Treasuries, EURUSD, GBPUSD and CNYUSD all now up on the day; DXY, VIX, JPYUSD and Gold are down. Very 2022, and very "short squeeze" vibes. Key Upcoming Dates: September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15; US September Building Permits and Housing Starts at 830am EST 10/19.* Price is currently trending up at $3685 and is testing $3658 minor resistance after bouncing off of $3517 minor support. Volume remains Moderate (high) and is currently on track to end a 5 day streak of seller dominance if it can close today in the green. Parabolic SAR flips bullish at $3785, this margin is mildly bullish at the moment. RSI is currently trending up at 44 as it retests the uptrend line from January 2022 at ~42 after bouncing just above the uptrend line from August 2015 at 35. Stochastic crossed over bullish today and is currently trending up at 58 as it bounces off of 48 support. MACD reverted to a bullish crossover today and is currently trending up at -83 as it approaches a retest of the uptrend line from March 2020 at -76 minor resistance. ADX is currently trending up slightly at 31 as Price shot up today, because this is an extremely volatile surge this is neutral at the moment. If Price is able to reestablish support at $3658 minor resistance then it will likely retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance . However, if Price is rejected here, it will likely retest the weak descending trendline from July 2021 at ~$3600 as support . Mental Stop Loss: (one close below) $3600.
SP:SPX
by dailytaguy
SPX Daily TA Cautiously BearishSPXUSD Daily guidance is cautiously bearish. Recommended ratio: 30% SPX, 70% Cash. *Equities, Futures, Cryptos, Metals, Energy, GBPUSD, and EURUSD are all down while DXY, US Treasuries and VIX are up once again. Fears of nuclear war being exacerbated by resolute threats from Putin and desperate social media pleas by people like Elon Musk are pushing investors toward DXY and US Treasury notes and bonds and away from Risk-On assets. The US Department of Health and Human Services (HHS) ordered $300m worth of Nplate (a radiation sickness drug) as part of an ongoing long term defense plan against the threat of nuclear warfare . It's hard not to think that the timing of acquiring this medication vs chemical, biological or infectious disease medication isn't coincidental; but the HHS said it was just a routine purchase as part of a longer term plan. In the short to medium term it's reasonable to expect more supply chain disruptions as a result of Russia's war with Ukraine worsening rather than improving. OPEC+ cutting oil production heading into the European winter is another factor that contributes to the seemingly inevitable decline into a global recession. Key Upcoming Dates: FOMC Minutes at 2pm EST 10/12; September US CPI at 830am EST 10/13; September US Retails Sales at 830am EST 10/14; 18th GDPNow US Q3 GDP Estimate 10/14; UofM October Consumer Sentiment Index at 10am EST 10/15.* Price is currently trending down at ~$3615 and is still technically testing both $3658 minor support + the minor descending trendline from July 2021 at ~$3635 as support, if it breaks below then the next support (minor) is at $3617. Volume is currently Moderate (high) and on track to favor sellers for a third consecutive session if it can close today's session in the red. Parabolic SAR flips bullish at $3805, this margin is mildly bullish at the moment. RSI is currently trending down slightly at 36 and is still technically testing 38 support, if it loses this level then the next support is at the uptrend line from August 2015 at ~32. Stochastic is currently bearish for the second consecutive session and is trending down at 63 as it approaches 48 support. MACD remains bullish and is currently trending down at -85 after being rejected at the uptrend line from March 2020 as resistance at ~-83; if it breaks below -87 it would be a bearish crossover. ADX is currently trending up slightly at 28 as Price is falling, this is bearish at the moment. If Price is able to bounce here at the minor descending trendline from July 2021 (~$3635) then it will have to close above $3658 minor support if it's going to retest the lower trendline of the descending channel from August 2021 at ~$3800 as resistance . However, if Price continues to breakdown here, it will likely test $3517 minor support for the first time since November 2020. Mental Stop Loss: (two consecutive closes above) $3658.
SP:SPX
by dailytaguy
SPX Weekly RangesHere are the past 7 weeks of PVI Volatility Ranges for SPX . The Ranges are computed every weekend from a myriad of data points and ratios (Index, Volatility variations, SKEW, HV, IV, etc...) We compute the ranges on the weekend, along with our roadmap & Game Plan for the week ahead. Some of us enter their first tranche on Sunday nights or early Monday (depending on confirmation from Futures ). We do NOT sell fixed Deltas for our credit spreads, but rather utilize the data driven from our volatility algo for the specific Index (primarily SPX ). The PVI Weekly SPX Credit Spread portfolio is up just over 47% YTD with 20 straight weeks of profits and zero drawdowns. The ranges have been breached 3 times since the start of 2021 (by an amount greater than 10 SPX points). The system is NOT designed or programed to be perfect, it is to provide us with the most competitive SPX weekly Range with the highest VALUE between Premium & Expectancy
SP:SPX
by VeteranWS
4