BofA: Statistically there is a 60% chance that the S&P will catch down to its 200DMA (SPX 3,863).
The SPX stayed above its 200-day MA for an entire calendar year only 13 times (14% of the time) going back to 1929. This means that the SPX revisited its 200-day MA in the second half (2H) of the year in 21 out the 35 years in which the SPX did not close below its 200-day MA during the first half of the year. The 200-day MA on the SPX stands at 3853 (11% below current levels) and is rising about five points per session.
[BofA, from zh]
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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As long as the NYMO is negative, the cat is dead, until it managed to regain a positive NYMO. and on the PBSPX big move is coming and it will not be on the up side. you can only defy gravity for so long.
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BullBear52x wrote:As long as the NYMO is negative, the cat is dead, until it managed to regain a positive NYMO. and on the PBSPX big move is coming and it will not be on the up side. you can only defy gravity for so long.
Back in the day, Buy put on SPY and day trade on long setup only intraday on /ES. now I only trade sell setup and it will continue next week. $VIX back to no man's land. see ya next week, Peace!
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