We seem to be tip-toeing along the 1880 level, presumably waiting for a catalyst to propel the market either up or down. I see limited upside (currently 1920-1930) but the potential for significant downside (re-test of 1810 or even lower – 1650?)
Expected turn dates are May 8 and May 19 from a short-term perspective. And so I would expect to shift the condor position into a short position on the 8th. Keep an open mind though.
