Sp500 and Nasdaq are negative again after the drop overnight in Asian markets and new political events in the US. The new economic data is morning was positive which helped to reduce the pressure on the market. At this time the indexes are negative today. Tomorrow, we have option expiration. Weekly Jobless Claims came at
The selling continue today, on the other hand there is not panic. At this moment, drops can be consider a buying opportunity. Breath in positive in NYSE negative in Nasdaq. During the morning large order have been neutral on NDX, while small orders have been selling more aggressively. On the other hand, if sellers push
Political news was the triggers that sellers needed to take the SPX lower after all time highs. So far the selling have been technical, respecting levels on the chart. Option expiry is near so volatility levels will be critical to maintain positive results for the month. $NDX is weaker than $SPX and $YM is in
Currently, we are trading below Tuesday closed at 2336.75. Under the chart you can read 3 scenarios for tomorrow. Comments below are JDalton: The most negative scenario sees the market gap lower holding the gap. I think this is a lower odds play as there was considerable rotation relative to Tuesday’s lower distribution. The
SPX and NDX are over-extended compared to equities around the world. Today sellers took control and American equities experienced the largest day drop in 4 months. Nobody knows if this selling will continue tomorrow. Trading in Asia and EU will feed the systems important information. The strategies R Option and R Option Mini have open trades