Timmy
white swans need love too
- Joined
- 30 September 2007
- Posts
- 3,457
- Reactions
- 3
I hate jargon too.
Anyways, back to the markets.
The EOD OHLC charts are indicating a bullish bias but any longs are going to be wary of the bears looking to short the resistance levels and hopefully trigger stops as markets liquidate in order to square positions that may be under water.
Bid up for OTM puts but watch the vega levels if blowouts in the IV become apparent in the VIX.
Anyways, back to the markets.
The EOD OHLC charts are indicating a bullish bias but any longs are going to be wary of the bears looking to short the resistance levels and hopefully trigger stops as markets liquidate in order to square positions that may be under water.
Bid up for OTM puts but watch the vega levels if blowouts in the IV become apparent in the VIX.