This week's Ponzo forecasts are little changed from last week. SPY moved only a few pennies from last week and the Qs dropped $2 but the forecasts remain essentially unchanged although the longer term QQQ projected highs have declined a few dollars. TLT remains a study in channel consolidation and still looks like a great butterfly/iron condor candidate although with the VIX in the 9s the premium payoffs are at historical lows.
The weekly
Trader's Outlook is mildly bearish now that earnings season is mostly complete and traders are girding their loins for October's anticipated volatility surge and more potential threats from NOKO, and now Iran..
We'll review the Apple/Amazon ponzo charts on Wednesday.
