SPX Condor Timing Report for August 28, 2017

By Steve Lentz

Friday’s SPX action was that of a Upswing Bar. This occurred while the 15-3-3 stochastic is in an downtrend between 10 and 55 and the SPX is trending downward below its 50-day simple moving average. This market condition has occurred 80 non-consecutive times since January 2000. Our research indicates that, statistically speaking, it’s more likely than usual that this market condition will end up being unfavorable 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

 

Comments are closed