SPY next move
December 8 Unemployment Rate
December 12 Inflation Rate
December 13 Interest Rate & Powell Speech
in these days market could start its correction
VIX is too low which means market could go higher, why not lower? volatility is too low, everything is good (data)
but consider every time vix go below (18-13 range) it start to bounce, this bounce moves vix 30-40 % higher, 10% for spy, one of my calculations for spy correction target comes from vix movement.
VIX option data P/C ratio for 15dec for both interest and volume is about 0.5
and puts positions closed for december, calls still open
10-15% correction for spy could lead it to 360 max
consider this data
*rate hikes will go down in 2024
*late 2024 US election
*REIT is not good compare to others
I think after this correction market will have ATH(2024), and after that FLASH CRASH
December 12 Inflation Rate
December 13 Interest Rate & Powell Speech
in these days market could start its correction
VIX is too low which means market could go higher, why not lower? volatility is too low, everything is good (data)
but consider every time vix go below (18-13 range) it start to bounce, this bounce moves vix 30-40 % higher, 10% for spy, one of my calculations for spy correction target comes from vix movement.
VIX option data P/C ratio for 15dec for both interest and volume is about 0.5
and puts positions closed for december, calls still open
10-15% correction for spy could lead it to 360 max
consider this data
*rate hikes will go down in 2024
*late 2024 US election
*REIT is not good compare to others
I think after this correction market will have ATH(2024), and after that FLASH CRASH
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