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With the SPX bollinger band compression of ~30 pts, rising VIX, and declining breadth - will it soon break hard down as in Jan or strongly up as in May?


George BaileyGeorge Bailey
a) January. 7/29/14
Closing Basis - go with the flowClosing Basis - go with the flow
A move out from a bollinger compression is usually good for about 50-60 points on the intial move. Woot! 7/29/14
Suffice to say that I have weekly SPX put spreads currently ITM but added an OTM call spread as a small hedge at the EOD given the index weakness. Yes, strong concern due to whatever occurs as a result of fedspeak tomorrow. 7/29/14