I hope this message finds you well. Let's dive into today's market outlook:
In the premarket, stock index futures are showing strength, with the NASDAQ up nearly 1%.
Yesterday, typical market behavior ensued on a FED day, characterized by a significant uptick in volatility post 2 PM.
While it was an exhilarating spectacle, upon closer inspection, the market landscape appeared largely unchanged from the day prior.
Notably, the VIX remains on a daily sell signal, suggesting bullish sentiments persist among options traders in Chicago.
However, there's a noticeable disjunction between the optimism in the options market and the sentiment among stock traders. It may take a few more days for this dissonance to reconcile itself.
A potential indicator of shifting tides would be a daily close above Tuesday's highs.
This content was originally posted on the Stock Market Timing YouTube Channel