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  1. #1
    Junior Member

    SP500 Weekly Call on PullBack !!!

    SP500 Weekly Call on PullBack
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    SP500 made new all time high and than plunged back to 1660 area. I think this is a great bargain opportunity to enter into weekly call here. If the trend is intact almost sure “In the money”!


  2. #2
    Active Member rongold's Avatar
    Quote Originally Posted by michaelch View Post

    SP500 made new all time high and than plunged back to 1660 area. I think this is a great bargain opportunity to enter into weekly call here. If the trend is intact almost sure “In the money”!
    You greatly trust on the assumption ‘if the trend is intact’. We have some clear indications of trend top formation and increasing volatility which could cause further downside momentum. I am probably premature bear but believe that very soon the bearish market will come.

  3. #3
    Specialist Member marvel's Avatar
    I am also in doubt about the short term perspective on the SP500. It is clearly up till now, but not sure if the hype today could indicate some trend exhaustion. If so, we could see some pullbacks again in the next couple of days.

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