Another very unusual week in the market, as we sat on the sidelines all week and waited. We saw 2 days where the trading was halted during the trading session and 3 days where market was halted pre-market! Everyday we saw huge gaps at the open, with the VIX hitting over 77! This extreme volatility has made day trading weekly options very difficult. The options we would normally trade have been above 40 even as high as 70 for the SPX. At such extreme prices, the risk to reward is just not favorable for day trading. So we had no trades this week again. That being said, our forecasts continue to be shared each day and certainly traders can use that information in their own trading strategy. Some traders can get frustrated by sitting on the sidelines, but often that is the best move to make. Patience is the key, while we’ve not profited in these last few weeks, we’ve not lost anything either. Once again knowing when not to trade is just as important as knowing when to trade. These periods of extreme volatility do not last forever. Prices will settle down, and when it does, we will be ready to trade. Our indicators and forecast continue to be a reliable resource for traders. Over the past 3 weeks we’ve seen our 3 target levels hit everyday! We look forward to what next week holds for us.

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