By Steve Lentz
Friday’s action was that of a Downswing Bar that followed Thursday’s Downswing Bar. Also, Friday’s Close was higher than Thursday’s Close. This action occurred while the 15-3-3 stochastic is in a Downtrend between 0 and 40 and the SPX is trending Upward above its 50-day simple moving average. This market condition has occurred 82 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