Reported 2 days ago
As the S&P 500 index searches for direction amidst a tug-of-war between bullish and bearish signals, it remains in a generally bullish uptrend. While there are bullish indicators, such as new highs on the New York Stock Exchange and positive developments in implied volatility, bearish signs still persist, including McMillan's volatility band sell signal and negative equity-only put-call ratios. Investors are advised to consider these indicators carefully while making trading decisions, particularly focusing on options strategies that might capitalize on current market conditions.
Source: YAHOO