There is a risk for more stickiness but overall it seems 2120 is going to retain.
Between tomorrow afternoon after NFP and the 23rd of March, SP500 is probably going to make its way down to 1900.
The bottom at 1900 shall be reached before the 17th of April.
As per my dax post, the best maturity right now to target options is probably the April expiry.
The final top could be in July and then after a potential top stickiness it may find its way down into year end.
NOTE: THERE IS NO MOMENTUM UP ANYMORE - SP500 has only climbed 2% since Nov14 top.
Between tomorrow afternoon after NFP and the 23rd of March, SP500 is probably going to make its way down to 1900.
The bottom at 1900 shall be reached before the 17th of April.
As per my dax post, the best maturity right now to target options is probably the April expiry.
The final top could be in July and then after a potential top stickiness it may find its way down into year end.
NOTE: THERE IS NO MOMENTUM UP ANYMORE - SP500 has only climbed 2% since Nov14 top.
