Back From Vacation: Insider Buys, Options Trades, and AR/VR play
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Good morning/evening traders. I am back from vacation and will be posting much more consistently into the summer - thank you for your continued support.
Let’s take a look at some upcoming plays we can look into.
First, the S&P 500 SPX:
I would not turn bearish on the market in the short term until a close under 4240, and I will not turn bearish in the long run until 4200. A short retest and hold of 4200 is actually very bullish as it would be a retest of the breakout level from earlier. Under that I will reassess. A close over 4294 gives us room to 4356.
Next, a biotech name just got a huge insider buy.