? S&P 500 Offers Bullish Bias for Next 2 Months ?

5 min read

Dear traders,

the market finally opened through SPX 3,000… which is a number we’ve been eyeballing for weeks.

The SPX broke through 3,000 and closed at 3,021.72, the highest level since March. Stocks like airlines and cruise ships opened the strongest.

Stocks Make Recovery

AAL closed up 14.85% and CCL (Carnival) closed up 12.6% on reports that the economy is going to open strong.

KEEP IN MIND that the market almost never closes above a big number (like 3,000) the first time. The market slided back under 3,000 before the close. We should test the level more times in order to have a clear breakout and bullish bias.

We typically close above it after the 2nd or 3rd attempt depending on how much buying needs to be done. With $5 trillion on the sidelines… There is a lot of buying that needs to be done, which will cause a bubble up before the POP (bearish correction) in a few months.

Role of Options Trading in Current Market

How can we use this market analysis to take advantage using Options?

First of all we can use the SPY which is the SPX ETF. SPY is traded at  1/10 of the  SPX value, 3,000 SPX value is 300 SPY. Options on this ETF are more cheap than Options on SPX!. 

We are now on the 3,000 level and the bias is bullish… IF Trump doesn’t increase concern about a China War Tariff. 

To take advantage of a bullish move for the next month, buying a CALL or a CALL spread on SPY 60/70 days expiration would be a good edge in my view.

How to Start with Options!

Thinking about options but not sure yet? There are a couple of ways to move forward before committing to the course or educational signal service. Here is how you can stay in touch:

  1. Join the free ecs.OPTIONS telegram channel
  2. Sign-up to the ECS newsletter with trading ideas in your email inbox
  3. Join the free live webinar options webinar with Marco & Chris

If you are ready to move forward, then you can choose from:

  1. €899 one time fee for Options course in English – this includes 1 month of option trading ideas (option.SWINGS).
    Option trading ideas (option.SWINGS) – experience is required:
  2. €97 per month (including VAT)
  3. €289 per quarter (including VAT) – receive 1 month for free for a total of 4 months
  4. €899 per year (including VAT) – receive 2 months for free for a total of 14 months

Subscribe to the live webinar now!

Win US Options Course 

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To be eligible you need to:

  1. Be a member of ECS community (newsletter or telegram)
  2. Predict the price correctly via facebook or twitter
  3. attend the webinar on june 2nd

Good trading,
Marco Doni – ecs.OPTIONS expert and CNBC contributor

The articles are not intended to give any advice on how to invest money, they are just for educational purposes.

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