The markets fell the minute Trump opened his mouth today. They rose when he shut up. Then they fell again during some analysis period, then finally they closed up and positive, as was expected today.
The next two days should be rather bullish, but next week should see some softening.
The Put/Call ratios are acting as an early warning system - they are on sell signals. The SKEW is still low (low 120s) so no real warnings yet there. Volatility is low - and was really going crazy during Trump's talk - but settled down today.
We have non-farm payrolls and earnings starting on Friday. The direction could go south to 2230 on the SPX quickly very soon.
