Some thoughts to start the week:
A break from balance lower post the FOMC statement starts the week with equities on the lows of the month & quarter….as we head into the end of the month & quarter.
The selling was sufficient to start bringing in the put buyers across the VIX curve. This is actually what we need to find a bottom…a VIX inversion.
- ES, NQ, RTY ended the week away from composite balance higher. Expecting lower weekly prices, AND also looking for 5D value to migrate lower with price.
- Crude used the last week to balance inside the 84-94 range. Looking for “inside/out” trade from balance.
No doubt the media will trumpet the potential Government shutdown as a risk to markets. So, expect that to dominate the chatter. End of month & quarter can get wonkey. Don’t be surprised to see a kick save higher in the later part of the week after exploring lower early.
Where is there opportunity? See below 👇
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Define your risk and trade well!