Are We There, Yet?

Finally passed OpEx and VIXpiration. What now?

Momentum has been incredible for the last month. That's started to wane, which is potentially problematic.

My belief is that we've priced in a lot of good news without much actual good news.

I still believe this gets resolved eventually, but that could take months or even years depending on what resolved means.

Volatility is high, so uncertainty is high. I'm more worried about downside than upside, here. I'm staying safe and would probably short a move to around 6000.

Would like to think we get some resolution and clarity in the next week.

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Twitter: @TheMarketsGame

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