By Steve Lentz
Friday’s action was that of an Upswing that followed Thursday’s Downswing Bar. This action occurred while the 15-3-3 stochastic is in an Uptrend between 0 and 40 and the SPX is trending above its 100-day simple moving average. This market condition has occurred 46 times since January 2000. Our research indicates that, statistically speaking, it’s more slightly 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.
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