I think it created a floor underneath at the same time if we break it or even crack it then we will see a real crash we have never seen before. Although nothing is impossible but I think this not going to happen. I will keep some out of money puts for insurance, because I know I don't know many things.
I think spread was created for fed action, if Fed do not cut it will provide a big support.
I think we might visit 1410-1430 on SPX this week.
What are your views about spread and market this week?
Farooq
Farooq This post is for educational and amusement purposes only, and is not to be interpreted as trading advice. Consult your financial adviser before placing any trade.
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