That is more than 196 SPY. Prior to April 30, "it is almost impossible" said the models! 192 would be a good short, but would it get there?
Time to test Pinkman's skills on the short side.
Who does think this for tomorrow: If it goes up at open, it is a short on weakness. If it does not, then bears would take control.
What would be a good scenario for the bulls?
Models are telling me to trade on short side at 188.88 for today. But "it may not reach it", said my head to myself. It is now 10cents away from 188.88. I am looking for weak stocks with low spread put options.
Edit: now at 188.87.
I know that. The point was rather this: jobs' report should imply higher insurance premium, which should imply higher VIX, which in turn should imply lower market sometime closer to the job's report.