By Steve Lentz
As the below video explains, Friday’s SPX action was that of an Upswing day following Thursday’s Upswing day. This occurred while the 15-3-3 stochastic is in overbought territory in an uptrend. Further, the SPX is trending upward above its 50-day simple moving average. This is a market condition that has occurred only 113 times since January 2000. Our research indicates that, statistically speaking, it’s more likely than usual that Friday’s bar will end up being favorable for market neutral option premium selling. Two reports are included in the video: The SP 500 Condor/Butterfly Timing Report and the SP 500 Likelihood Report. Both use market research unique to DiscoverOptions.