Why Might The S&P Go Down?

Published 08/17/2014, 01:14 AM
Updated 05/14/2017, 06:45 AM

HIGH: 1961.00 Early
LOW: 1937.50 Mid-Morning
LAST: 1950.50 DOWN 3 Handles
TOTAL VOLUME: 1.7mil minis; 3.5k bigs
MOC: SELL $220mil

The geo-political /global turmoil is going to overtake next weeks economic schedule.

FOR NEXT WEEK:

Only 11 economic releases, and Mondays sole release is the housing market index and nothing on friday – Cant forget Wednesdays FED minutes.

Wild day today, I was talking about the reasons why I felt the S&P 500 should go down.

  • over bought
  • 70 handle rally
  • everyone going from short to long into the rally
  • option players rolling down then rolling up
  • hedge fung lifting hedges


My call today was one sided: sell the rallies

Putin is coming, and its all about risk off over the weekend

Monday up 13/down 17 of last 30 after expiration.

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