Scott Burrill - Market Notes

Back To List
Scott's notes
Scott's market Notes

Levels for Monday

Nov 4, 2018

The SP500 Weekly Option Implied Move is + / - 65 points which is also the hi-lo range last Friday.

Historical Volatility is eclipsing Implied Volatility. With many catalysts this week from government debt funding, Fedspeak, continued earnings releases, and of course, the mid-term elections. I trust we will see market and sector moves with greater volatility, and likely opportunity.

On a short-term basis, markets have rebounded, but intermediate trends still remain down.

The Weekly and Monthly Magnets have been updated and we will look for those to be tested early this week for bias.

Updated Levels.

All the best,

Scott

Recent Posts

Back To List