The market is simply supported by FED's balance sheet, without fresh round of QE, S&P 500 will not go back to its previous ascending channel.
FED's balance sheet will keep a strong bottom for S&P 500 around 180, should FED hikes rate in September. Even if FED doesn't raise rate, which is most likely the case, a prospect of Trump presidency would likely be an excuse for high market volatility for the next few weeks.
Recommended strategies:
1. Short out right with a stop at $220, and cover half of shorts at $200 and $190 respectively.
2. Long 2017-Jan-PUT Option at strike $190 or $200, close position when market starts to dip below $200.
FED's balance sheet will keep a strong bottom for S&P 500 around 180, should FED hikes rate in September. Even if FED doesn't raise rate, which is most likely the case, a prospect of Trump presidency would likely be an excuse for high market volatility for the next few weeks.
Recommended strategies:
1. Short out right with a stop at $220, and cover half of shorts at $200 and $190 respectively.
2. Long 2017-Jan-PUT Option at strike $190 or $200, close position when market starts to dip below $200.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.