The Storm Before The Calm

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March S&P E-mini futures: The ES is headed much higher over the coming months. Support is 6500. QQQ: Upside target is 640 and support is 568. TNX (ten year note yield): The 3.75% level is support. A swing up to 5.50% is underway. Euro-US Dollar: The 112 level is support. Upside target at 120 was…

By Lawrence G. McMillan Many option traders have read about the disaster that befell traders involved in selling condors recommended by David Chau, the self-named “Captain Condor.” To quickly summarize what happened, here are the salient points: Chau and his followers (mostly subscribers) would sell condors using 0DTE options – generally on $SPX, SPY or…