SPX Butterfly Timing Report for July 24, 2017

By Steve Lentz

Friday’s SPX action was that of an Downswing Day following another Upswing Day. This occurred while the 15-3-3 stochastic is in a Downtrend between 60 and 100 and the SPX is trending upward above its 50-day simple moving average. This market condition has occurred 153 times since January 2000. Our research indicates that, statistically speaking, it’s more likely than usual that this market condition will end up being more favorable than usual for selling option premium with neutral strategies.

Three reports are included in the video: The SP 500 Condor/Butterfly Timing Report, the SP 500 Bull Put Spread Timing Report and the SP 500 Likelihood Report.

All use market research unique to www.DiscoverOptions.com.

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