Monday, June 20, the market is closed in observance of Juneteenth. Coming out of this weekend the market will start a two-week run into the July 4th holiday weekend. The nine trading sessions in-between could be anything from one just long summer doldrums light trading period to something akin to the nine most volatile trading days of the year. The reason: Waves (iii) of iii of (3) of 3 running right smack in the middle of the two politically charged holidays. If the latter of the two scenarios, we just have to be ready, opportunities like these don't come very often. SPX - Intermediate Term QQQ April 20 Sell Signal* This is our "Buy & Hold Speculative Option Buy" from April 20th. One good directional bet is all it takes. *This position expires on Friday and will be replaced by QQQ July 15th $270P (currently trading around $10) - or near the money SPY/IWM puts as per traders' preference. IYR Sep 16th "Buy & Hold" Short Position* *Our longer term Puts: A less maintenance, less stressful, "Bear Market Summer," trade. UVXY - For more aggressive traders: A UVXY gap-up Open tomorrow would make a run into the 20's and beyond a highly likely outcome. Let that be our trigger to add-on UVXY calls, anything out of the money that expires July 15th will do. Another gap-up and the target zone(s) will look more like this: One more gap-up next week, on the Tuesday Open after the long weekend, and the Fib extension chart looks like this:
