Brace Yourself – The Market’s About to Get Wild!

The S&P 500 nosedived. This could be just the beginning. ͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­͏   ­ Forwarded this email? [Subscribe here]() for more [Brace Yourself – The Market’s About to Get Wild!]( The S&P 500 nosedived. This could be just the beginning. [Josh Belanger](joshbelanger) Jul 25 joshbelanger   [READ IN APP](   The S&P 500 just got rocked, dropping 2.31%, the worst since December 2022. This ends the longest stretch without a 2% drop since the 2007 financial crisis. Though the S&P 500 is still up 14% YTD, today's plunge has rattled investors. Let's get specific. The SPX’s expected move for the week is roughly $85. Yesterday, we nearly hit the upper edge, and today we're facing the lower edge. This is pivotal. At the market close, the SPX bounced off the lower edge of its expected move at 5420. Volatility has started to perk up, and that's something to take seriously. Many blame Tesla or Google, but I see it as a mix of factors. Remember on July 11th when I shared about a massive $3.6 million dollar bet on a market crash? I mentioned that when the market is calm and everyone’s complacent, that's when volatility spikes. Think about it – when there’s heavy concentration in a few stocks, things can get shaky fast. There’s also a potential window of weakness. Now, you might be thinking, "Should I be selling options here?" Not so fast. With the market moving like this, patience is your best friend. We could see the SPX dip to around 5400. If it breaks below that, brace yourself – things could get wild. We’re not in high degrees of correlation yet, meaning the market hasn't fully capitulated. This short-term sell-off could become more extreme if it correlates to the downside. One thing to watch is if the volatility futures invert. They’re close. Watch the SPX’s 5420 level closely. If we drop below 5405, expect all hell to break loose. This could trigger a feedback loop of selling SPX futures, causing volatility to spike even higher. So, buckle up! Volatility has arrived and it might be here to stay. Be prepared for more wild moves and keep an eye on those critical levels. Remember, in trading, discipline is as valuable as gold. Saying "no" to a bad trade can be as profitable as saying "yes" to a good one. Trade smart, Josh Belanger You’re currently a free subscriber. Upgrade for the full experience and receive exclusive special reports like "How to Get Rich in The Stock Market" and "Congress' Secret Stock Playbook: The Top 5 Power Picks Revealed”. [Upgrade to paid](   [Like]( [Comment]( [Restack](   © 2024 Josh Belanger 548 Market Street PMB 72296, San Francisco, CA 94104 [Unsubscribe]() [Get the app]( writing]()