Trading Observations S&P 500

Hello Everyone,

Back on Jan 27th we showed the S&P 500 chart with a triangle pattern forming and suggesting a possible drop to the bottom of the triangle.

A drop over the last several days and this mornings fall in the futures has taken it to that level around 2000.

A break of the lower  trend-line  could signal a further drop in this index, possibly to the 1800 level.

A mid-level IV would indicate a put debit spread or puts could be utilized here for a trade.

Posted to Stock & Option Scout on Jan 30, 2015 — 9:01 AM

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