Market volatility is alive this morning – with implied volatility now close to 20 as a move upward is in progress up to price resistance.
Whether this spike in the S&P 500 (INDEXSP: .INX) evaporates or not remains to be seen.
Fed Chair Jerome Powell speaks today, so that may provide an intraday jolt.
The S&P 500 spread expiring tomorrow is 30 points wide at the 2705 strike leaving us 2735-2675.
Early trade today has the market nearing the upper edge of this price region.
A close today above 2726 will neutralize the selling (and bears) and provide buyers an opportunity.
Stock Market Futures Update – February 12, 2019
The author trades stock market futures every day and may have a position in mentioned securities at the time of publication. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.