Could be consistent with break on 1280. Then low volume pump and sector catch-up especially CRE to grind the short further and reduce sky high IV and bid-ask. I was wondering if this part of the bear market was gonna be missing from this leg of BM rally.
Anyway just talking to myself, u should pay attention more on actual readings like tomorrows job #s and actual Q2 GDP. If they turn bad and the market rally then the 1320 is the play and u even want to get in short early. If they turn out decent, ... well what could be the stuffs where 1320 be passed for a few points of headfake, with strong initial rally on thursday and friday.
The right enemy
5 years ago