Large Wing Span in a Condor
The Bulge in the Middle Grows with Time Decay
6 Month, Daily showing Pivot Point Ranges. White Oval is Target based on Probabilities. Trade expires on Jan. 16th.
Weekly Pivots show expanded Range this Week.
VIX - Volatility Index is Low Suggesting Bullish Mode in Market consistent with Santa Claus Rally. VIX is in lower level of regression channel suggesting possibility of bottoming out. The Condor position must be defended by Careful Monitoring. SPY must remain between 107 and 116 to be a successful trade. At this point there appears to be a high probability of success.
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