Indexes are rebounding today and should retest overnight lows
either today or after the FOMC announcement. The expected move is
94 SPX points for this week. Downside targets are 3950 and 4120,
and one or both could be hit. A way to play is an Iron Butterfly
out of the money or a pair of a put and a call option.
I am biased towards downside into Thursday.
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Indexes are rebounding today and
Posted by junkie on 31st of Jan 2023 at 09:52 am
Indexes are rebounding today and should retest overnight lows either today or after the FOMC announcement. The expected move is 94 SPX points for this week. Downside targets are 3950 and 4120, and one or both could be hit. A way to play is an Iron Butterfly out of the money or a pair of a put and a call option.
I am biased towards downside into Thursday.