$VIX breaking a bit, showing Positive Divergence - Sold puts May
As an FYI we're still cautious bull. We did initiate a
VIX
position, by selling puts, as small hedge.
We've made clear what the targets on indices were, still think they can be hit.
DJI
- 34250 - Major Resistance
NDX
- 13400 - Fib level
SPX
- Major resistance - 4181
But keep in mind;
IMF warning global debt levels = DANGEROUS
#Fed states > #recession coming
VIX
position, by selling puts, as small hedge. We've made clear what the targets on indices were, still think they can be hit.
DJI
- 34250 - Major Resistance
NDX
- 13400 - Fib level
SPX
- Major resistance - 4181 But keep in mind;
IMF warning global debt levels = DANGEROUS
#Fed states > #recession coming
