Scott Burrill - Market Notes

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Levels for Monday

Levels for Monday

Nov 25, 2018

Even though, we closed last week -104 SPX points, which is outside of the weekly implied move as forecast from SPX Weekly Options of + / - 47 points, Volatility and Skew, as well as Volatility of Volatility, are still relatively muted. Markets have yet to feel the fear.

For the coming week, we have an SP500 Weekly Implied Move higher at + / - 62 points.

I would expect the new Magnets to be tested immediately for bias.

Weekly Trends remain Down except for a few asset classes, while Daily Trends follow suit.

Potential catalysts are plenty with focus on Fed Chair Powell.

Updated Levels.

All the best,

Scott

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