Monday, May 11th, 2020 Broad Market Volatility and Price Trend

Good Morning!  The markets look to gap down at the open this morning with the front month June S&P futures at 2892.50 close on Friday at 2928.25, however the volatility and price trend are clearly in a balancing to up cycle as dictated by the VTrend and ATrend on the SPY ETF as can be seen in the attach graphic.

I am in some bullish option spread positions currently with short strike to expire this Friday on most looking to take profits this week, or perhaps roll the short legs another week to squeeze out some additional gains, all depending on how the markets play out over the coming days.  Good trading to you.