Holy Crap – SPX Breached Expected Move Twice
[video_player type=”embed” style=”1″ dimensions=”640×360″ width=”640″ height=”360″ align=”center” margin_top=”0″ margin_bottom=”20″ ipad_color=”black”][/video_player] Holy crap… Look, even the most cockeyed optimist would have to be looking at this market right now and going like, “I can’t believe the S&P is trading 6321.” But here’s what’s really got me fired up – we just had our second consecutive week of breaching expected moves. That’s not normal, okay? That’s manic. The Math That’s Blowing My Mind Alright, so let me break this down for you. Last week we had about a $116 expected move on the SPX. We smashed through it. This week? $72 expected move, and we’re trading 30-plus handles outside of it. You know what that tells me? The market got dramatically wrong. Twice. Look, when you start getting consecutive breaches of expected move, okay? Things are getting manic out there. You can smell it, you can taste it. Here’s What Most People