Timing: 7 to 15 Nov
Short : 1990/2006 on Dec Contract
Stop : 2030 (or keep and exit flat if that level trades.. Risk of 2100 this year if trades does not work)
Take profit: 1680 (reverse into buy with immediate target 1820
Altered position to a straddle, Calls at 2075/2100 end of November and Puts from 1925 down to 1750 end of December expiry ... I can see the possibility of a short breakout spike up to 2100/2150 area before reversing. What are your thoughts?
i think we will know this week.
many indices look toppish
for a move down, we need to have sp500 break below 2000 and reach 1940.. then rebound into 1990/2020 and then the real thing could happen on the downside.
the moment that will be very weak is 20th Nov to 10th dec i think