As a follow-up to my last post the chart for S&P as seen below confirms that we are nearing a break-out of the sideways pattern since the current low back in November. Will todays US employment numbers and the passing of the stimulus plan be the catalyst and will the initial move out of the pattern be wrong. Maybe by Friday evening we know more, but nonetheless some Eurostoxx option strangles with expiration next Friday or the two week S&P options looks like a good idea reasonable bet here !
(click to enlarge)
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