In my newsletter, I post my current positions and what I review each morning to provide some sense of where the market is and maybe going. No one can predict what will happen but there are certain themes fundamental and technical that provide clues on market direction. Here are the indicators that I use and they are updated for today.
- Dollar @ 90 Range bound Bullish
- Volatility: 18 Moving lower Bullish
- 10 Year Rate:15.6 Moving lower Bullish
- /ES Futures 4197 Moving higher Bullish
The above indicators are a dashboard of sorts that I update daily. Before I decide on trades that I will place, I review the four areas above. So today, it is clearly bullish so my trades will be positioned that way. Yesterday when the market was moving lower. I used the increase in volatility to place my monthly and 7 DTE trades. Today volatility is lower. That does not happen all the time but it does happen more times than not and that is good enough for the use of credit spreads to get consistently profitable results.
If you are interested in receiving my newsletter that I write every Monday, Wednesday and Friday here is the link: https://simpleoptionstrategies.mykajabi.com/spx-trade-newsletter