Stocks do not like selling off, but Weekend Risk is back

Daily Pit Stop [fstp, logo, header] 0DTE trading has delivered more than $26,000 in potential profits so far in 2024. Only one thing can make it even better and Mark went live to share what it is last night. [Click here to watch.]( [ag views, logo, header] Stocks do not like selling off, but Weekend Risk is back When we do this week in review, I am not sure what we will remember but stocks are pretty flat for the week closing with a 16 VIX. That is high relative to the move we made for the week but not the mini-panic of Thursday SPX dropped almost 2% from the highs of the day. Almost 2%. Not a single day in 2024 where stock finished down 2%. Heck we cannot even get a 2% high to low intra day. My guess is that, barring some unforeseen issue this weekend involving the Middle East or Putin, stocks will be back to all time highs next week with VIX back to 13. [ded] Until I can see 3 days of red, no selloff holds. The higher VIX sets up well for Mark’s UVXY webinar on Tuesday. Don't miss it. - AG  [logo, pit profits] Want to find YOUR winning fit? Give our Customer Care Team a call at [1-888-872-3301](tel:/1-888-872-3301) Monday-Friday from 9 a.m. - 5 p.m. EST. Or email them anytime at [support@optionpit.com](mailto:/support@optionpit.com)  [logo, fvix, header,] June Rate Cut Hey Traders, In Today's Video, We'll Cover: - The impact the jobs report had on Friday trading - CPI next week - Rate Cuts - S&P and VIX movement [ded]( [Click here to watch the video now!]( - Mark  [fpip] One Ugly Candle Hi Shoppers, WOW! That was some reversal! The S&P 500 (Ticker: SPX) gapped open $31 and traded higher up $45 on the day. The bulls in complete control ready to retest that previous high and then … We began to test that gap, easily trading right through it, nary a green candle in sight. The bottom of the gap converged with the 200 period moving average which should have been some kind of support, but oh no, it sliced right through it without a pause. Once the gap was closed there was no turning back. Check out the SPX five minute chart and the size of those candles compared to the morning candles:  [pip]( Fed speaker? Biden putting the screws to Israel? Ukraine joining NATO? Time for a pullback after this tremendous rally? Take your pick. Yesterday’s action created one very ugly … very red … very bearish candle. [Continue here and I will show you the next support levels.]( - Bill  Don't miss when our traders go live! Get an alert everytime we open the live rooms to all of our readers for free by selecting the calendar you use below. 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