Markets on Monday, October 26, 2026

Mixed markets: the trend is up in VIX, SILVER and USD/JPY and down in SP500, EUR/USD, GBP/USD, NVIDIA, GOOGLE and MICROSOFT. Overall sentiment is fear…

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Daily Market
Monday, Oct 26, 2026 · SP500 · DAX · VIX · WTI · GOLD · SILVER · EUR/USD · GBP/USD · USD/JPY · NVIDIA · GOOGLE · MICROSOFT
Data from the US market close on Friday, Oct 23 (4 pm New York time)
Generated Oct 26, 2026, 13:10 Romania time (EET) · For information only, not investment advice (see the disclaimer at the end)
Daily Brief · the markets in short
The state of the markets and sentiment at the session close, all in one place
Mixed markets: the trend is up in VIX, SILVER and USD/JPY and down in SP500, EUR/USD, GBP/USD, NVIDIA, GOOGLE and MICROSOFT. Overall sentiment is fear (35 of 100), more cautious than a week ago (43).
35
FEAR
Overall sentiment · average of the 11 markets
a week ago: 43
extreme fearneutralextreme greed
What you need to know today
  • Biggest sentiment shift: SILVER, from 47 to 23 in a week (extreme fear).
  • Extreme sentiment: SILVER 23 (extreme fear) and GOOGLE 20 (extreme fear).
  • Options: money is betting on a decline in SP500, on a rise in WTI, on a decline in SILVER (against the trend), on a decline in NVIDIA and on a decline in MICROSOFT. The other instruments have no dominant bet.
  • Calendar: important US releases are due this week. Next major event: Fed interest rate decision (FOMC), Wed Oct 28, 20:00.
Today’s financial news
  1. Week Ahead for FX, Bonds: Decisions From Fed, Other Central Banks in Focus — WSJ
  2. Brazil’s Surprise Election Outcome Set to Batter Stocks, Real — WSJ
  3. Oil Prices Fall as Traders Weigh U.S.-Iran Diplomacy, Saudi Attacks — WSJ
  4. Gold Steadies After Weekly Drop as Focus Shifts to Fed Meeting — Bloomberg.com
  5. Indian shares fall as oil concerns persist — Reuters
Click a headline to read the article.
All markets at a glance
MarketCloseTrendSentimentOptions5 days, 70% chance
SP5007,624 -0.52%SELL37 fear↓ DECLINE7,477 – 7,774
DAX25,182 -0.75%NEUTRAL37 fear ↓16NO OPTIONS24,675 – 25,699
VIX19.45 +2.21%BUY–⇅ SPLIT16.61 – 22.77
WTI103.27 +3.82%NEUTRAL58 greed↑ RISE95.51 – 111.66
GOLD4,008 -1.29%NEUTRAL31 fear ↓17⇅ SPLIT3,888 – 4,132
SILVER53.71 -1.92%BUY23 extreme fear ↓24↓ DECLINE50.92 – 56.66
EUR/USD1.1221 -0.12%SELL30 fear ↓9⇅ SPLIT1.1125 – 1.1318
GBP/USD1.3404 +0.06%STRONG SELL46 neutral ↑20↔ STABLE1.3287 – 1.3522
USD/JPY156.49 -1.04%STRONG BUY41 fear ↓14NO OPTIONS155.27 – 157.73
NVIDIA210.96 -0.59%SELL26 fear↓ DECLINE199.03 – 223.60
GOOGLE320.21 -1.24%STRONG SELL20 extreme fear ↓15⇅ SPLIT304.25 – 337.01
MICROSOFT524.51 +0.66%SELL36 fear ↓13↓ DECLINE502.52 – 547.46
To watch
DAX – Price fell below weekly support S1 (25,273).
VIX – Price moved above the weekly pivot P (19.09).
WTI – New technical signal: momentum has turned down.
GOLD – Price fell below weekly support S2 (4,026).
SILVER – The technical signal reversed: SELL → BUY.
USD/JPY – Price fell below weekly support S2 (156.83).
Wed Oct 28, 20:00 – Fed interest rate decision (FOMC) · SPX options are pricing a ±1.12% move (1.1× a normal day)
Thu Oct 29, 14:30 – PCE inflation · SPX options are pricing a ±1.07% move (1.1× a normal day)
Summary generated automatically from the report data. It describes the state of the market at the close and does not predict direction. The details are in the other tabs.
Market sentiment · Fear & Greed
0 = extreme fear, 100 = extreme greed · each indicator is compared with its own past year · describes the state of the market, does not predict direction
US stocks (SP500)
0255075100
37
FEAR
vs yesterday: −6 points
DAX
0255075100
37
FEAR
vs yesterday: −7 points
Oil
0255075100
58
GREED
vs yesterday: −2 points
Gold
0255075100
31
FEAR
vs yesterday: −1 point
Silver
0255075100
23
EXTREME FEAR
vs yesterday: −2 points
EUR/USD
0255075100
30
FEAR
vs yesterday: +3 points
GBP/USD
0255075100
46
NEUTRAL
vs yesterday: +14 points
USD/JPY
0255075100
41
FEAR
vs yesterday: −19 points
Nvidia (NVDA)
0255075100
26
FEAR
vs yesterday: unchanged
Google (GOOGL)
0255075100
20
EXTREME FEAR
vs yesterday: −1 point
Microsoft (MSFT)
0255075100
36
FEAR
vs yesterday: +1 point
In short: fear in US stocks (SP500), DAX, gold, EUR/USD, USD/JPY, Nvidia (NVDA) and Microsoft (MSFT); greed in oil; extreme fear in silver and Google (GOOGL); neutral in GBP/USD.
US stocks (SP500): 37 · fear · see the explanations
yesterday
43
fear
a week ago
37
fear
a month ago
75
greed
a year ago
45
fear
1 year agotoday
Momentum
11
EXTREME FEAR
Now: Price is 0.8% above its 6-month average – a smaller lead than on 89% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
32
FEAR
Now: The technical score is -35.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
54
NEUTRAL
Now: Put/call 1.15 – fewer puts are being bought than on 54% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
23
EXTREME FEAR
Now: Downside protection is more expensive than on 77% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
34
FEAR
Now: IV30 15.2% – higher than on 66% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
15
EXTREME FEAR
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
92
EXTREME GREED
Now: Over the last 5 days, net more calls were opened (+6.1% of existing positions) – tilted more towards calls than on 92% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: negative (for information, not part of the index).
DAX: 37 · fear · see the explanations
yesterday
44
fear
a week ago
54
neutral
a month ago
34
fear
a year ago
40
fear
1 year agotoday
Momentum
21
EXTREME FEAR
Now: Price is 0.4% below its 6-month average – lower than on 79% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
42
FEAR
Now: The technical score is -15.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Volatility
48
NEUTRAL
Now: Realized volatility 14.0% – higher than on 52% of days in the past year.
20-day realized volatility compared with the past year (there is no options data for the DAX). High volatility = fear; low volatility = calm / greed.
Tone of the analyses published today: negative (for information, not part of the index).
Oil: 58 · greed · see the explanations
yesterday
60
greed
a week ago
57
greed
a month ago
49
neutral
a year ago
51
neutral
1 year agotoday
Momentum
74
GREED
Now: Price is 16.2% above its 6-month average – a bigger lead than on 74% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
78
EXTREME GREED
Now: The technical score is +55.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
30
FEAR
Now: Put/call 1.10 – more puts are being bought than on 70% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
53
NEUTRAL
Now: Downside protection is cheaper than on 53% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
33
FEAR
Now: IV30 55.8% – higher than on 67% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
50
NEUTRAL
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
91
EXTREME GREED
Now: Over the last 5 days, net more calls were opened (+6.7% of existing positions) – tilted more towards calls than on 91% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: mixed (for information, not part of the index).
Gold: 31 · fear · see the explanations
yesterday
32
fear
a week ago
48
neutral
a month ago
48
neutral
a year ago
57
greed
1 year agotoday
Momentum
16
EXTREME FEAR
Now: Price is 7.4% below its 6-month average – lower than on 84% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
0
EXTREME FEAR
Now: The technical score is -100.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
23
EXTREME FEAR
Now: Put/call 0.77 – more puts are being bought than on 77% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
23
EXTREME FEAR
Now: Downside protection is more expensive than on 77% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
80
EXTREME GREED
Now: IV30 21.6% – higher than on 20% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
42
FEAR
Now: Normal structure (contango 0.02), steeper than on 42% of days in the past year.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
32
FEAR
Now: Over the last 5 days, net more puts were opened (−1.1% of existing positions) – tilted more towards puts than on 68% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: positive (for information, not part of the index).
Silver: 23 · extreme fear · see the explanations
yesterday
25
fear
a week ago
47
neutral
a month ago
50
neutral
a year ago
51
neutral
1 year agotoday
Momentum
12
EXTREME FEAR
Now: Price is 17.9% below its 6-month average – lower than on 88% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
15
EXTREME FEAR
Now: The technical score is -70.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
16
EXTREME FEAR
Now: Put/call 0.67 – more puts are being bought than on 84% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
8
EXTREME FEAR
Now: Downside protection is more expensive than on 92% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
82
EXTREME GREED
Now: IV30 38.2% – higher than on 18% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
24
EXTREME FEAR
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
6
EXTREME FEAR
Now: Over the last 5 days, net more puts were opened (−4.5% of existing positions) – tilted more towards puts than on 94% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: mixed (for information, not part of the index).
EUR/USD: 30 · fear · see the explanations
yesterday
27
fear
a week ago
38
fear
a month ago
39
fear
a year ago
46
neutral
1 year agotoday
Momentum
8
EXTREME FEAR
Now: Price is 2.4% below its 6-month average – lower than on 92% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
25
FEAR
Now: The technical score is -50.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
68
GREED
Now: Put/call 3.05 – fewer puts are being bought than on 68% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
15
EXTREME FEAR
Now: Downside protection is more expensive than on 85% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
27
FEAR
Now: IV30 6.7% – higher than on 73% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
7
EXTREME FEAR
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
59
GREED
Now: Over the last 5 days, net more calls were opened (+0.7% of existing positions) – tilted more towards calls than on 59% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: positive (for information, not part of the index).
GBP/USD: 46 · neutral · see the explanations
yesterday
32
fear
a week ago
25
fear
a month ago
40
fear
a year ago
35
fear
1 year agotoday
Momentum
52
NEUTRAL
Now: Price is 0.0% below its 6-month average – still higher than on 52% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
38
FEAR
Now: The technical score is -25.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Cost of protection
16
EXTREME FEAR
Now: Downside protection is more expensive than on 84% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
66
GREED
Now: IV30 6.7% – higher than on 34% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
63
GREED
Now: Normal structure (contango 0.04), steeper than on 63% of days in the past year.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
39
FEAR
Now: Over the last 5 days, net more calls were opened (+1.4% of existing positions) – tilted more towards puts than on 61% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: mixed (for information, not part of the index).
USD/JPY: 41 · fear · see the explanations
yesterday
60
greed
a week ago
55
greed
a month ago
10
extreme fear
a year ago
84
extreme greed
1 year agotoday
Momentum
4
EXTREME FEAR
Now: Price is 1.7% below its 6-month average – lower than on 96% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
45
NEUTRAL
Now: The technical score is -10.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Volatility
73
GREED
Now: Realized volatility 5.5% – higher than on 27% of days in the past year.
20-day realized volatility compared with the past year (there is no options data for the DAX). High volatility = fear; low volatility = calm / greed.
Tone of the analyses published today: negative (for information, not part of the index).
Nvidia (NVDA): 26 · fear · see the explanations
yesterday
26
fear
a week ago
28
fear
a month ago
74
greed
a year ago
51
neutral
1 year agotoday
Momentum
10
EXTREME FEAR
Now: Price is 1.7% below its 6-month average – lower than on 90% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
22
EXTREME FEAR
Now: The technical score is -55.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
27
FEAR
Now: Put/call 0.61 – more puts are being bought than on 73% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
19
EXTREME FEAR
Now: Downside protection is more expensive than on 81% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
71
GREED
Now: IV30 42.7% – higher than on 29% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
21
EXTREME FEAR
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
13
EXTREME FEAR
Now: Over the last 5 days, net more puts were opened (−1.4% of existing positions) – tilted more towards puts than on 87% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: negative (for information, not part of the index).
Google (GOOGL): 20 · extreme fear · see the explanations
yesterday
21
extreme fear
a week ago
35
fear
a month ago
50
neutral
a year ago
47
neutral
1 year agotoday
Momentum
0
EXTREME FEAR
Now: Price is 10.1% below its 6-month average – lower than on 100% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
0
EXTREME FEAR
Now: The technical score is -100.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
66
GREED
Now: Put/call 0.46 – fewer puts are being bought than on 66% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
33
FEAR
Now: Downside protection is more expensive than on 67% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
42
FEAR
Now: IV30 37.6% – higher than on 58% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
1
EXTREME FEAR
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
1
EXTREME FEAR
Now: Over the last 5 days, net more puts were opened (−4.6% of existing positions) – tilted more towards puts than on 99% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: negative (for information, not part of the index).
Microsoft (MSFT): 36 · fear · see the explanations
yesterday
35
fear
a week ago
49
neutral
a month ago
65
greed
a year ago
46
neutral
1 year agotoday
Momentum
78
EXTREME GREED
Now: Price is 16.0% above its 6-month average – a bigger lead than on 78% of days in the past year.
Price relative to its 125-day average (~6 months). Further above the average than usual = greed; below the average = fear.
Technical trend
82
EXTREME GREED
Now: The technical score is +65.
The trend score on the daily chart (from −100 to +100), compared with the past year. Uptrend = greed; downtrend = fear.
Put/Call
21
EXTREME FEAR
Now: Put/call 0.75 – more puts are being bought than on 79% of days in the past year.
How many puts (downside protection) are bought for every call, 5-day average. Many puts compared with the past year = fear; few = greed.
Cost of protection
16
EXTREME FEAR
Now: Downside protection is more expensive than on 84% of days in the past year.
How expensive puts are relative to calls (25Δ skew, 30 days). Expensive protection = fear; expensive calls = greed.
Volatility
40
FEAR
Now: IV30 32.7% – higher than on 60% of days in the past year.
Implied volatility (IV30) compared with the past year. High volatility = fear; low volatility = calm / greed.
Term structure
4
EXTREME FEAR
Now: Short-dated options are more expensive than long-dated ones (backwardation) – the market is paying for immediate protection.
Long-dated options relative to short-dated ones (contango). Short-dated options more expensive than long-dated ones = fear of something imminent; the reverse = calm.
New positions
13
EXTREME FEAR
Now: Over the last 5 days, net more puts were opened (−3.1% of existing positions) – tilted more towards puts than on 87% of days in the past year.
New contracts opened over the last 5 days: calls minus puts, weighted. More calls opened than usual = greed; more puts = fear.
Tone of the analyses published today: negative (for information, not part of the index).
How it is calculated: each indicator gets a score from 0 to 100 based on how today's value compares with the last 252 sessions (e.g. 80 = “greedier” than on 80% of days in the past year). The final score is their average, with equal weights. There is no options data for the DAX, so its index uses only momentum, trend and volatility. Extremes show a stretched market, but historical tests have not shown that they predict the direction of the following days.
Forecast for the next session
Based on the last 20 sessions · ranges verified on historical data · not a guarantee
Warning – the forecast is not a guarantee. The estimates below are statistical calculations based on the last 20 sessions and on history since 2007. The market can break out of these ranges at any time, especially on unexpected news. We accept no liability for the forecast or for any decisions or losses resulting from its use. It is not a recommendation to buy or sell.
SP500
STRONG SELL
DAX
HOLD
VIX
BUY
WTI
BUY
GOLD
HOLD
SILVER
HOLD
EUR/USD
SELL
GBPUSD
STRONG SELL
USDJPY
STRONG BUY
NVIDIA
STRONG SELL
GOOGLE
STRONG SELL
MICROSOFT
STRONG SELL
70% chance90% chancetoday's closeR / S, P = level and the chance it is reached tomorrow
SP500Mon Oct 26 · close 7,624 · typical move ±0.62%STRONG SELL
Why: Downtrend, options are betting on a decline.
P 28%R1 4%S1 21%7,6247,5397,709
P 28%R1 4%S1 21%7,6247,5397,709
70% chance of closing between 7,575 – 7,672 · 90% between 7,539 – 7,709 · typical high ≈ 7,649, typical low ≈ 7,601
Chance of reaching:↑ P 7,669 · 28%↑ R1 7,725 · 4%↓ S1 7,567 · 21%↓ S2 7,510 · 5%
DAXMon Oct 26 · close 25,182 · typical move ±0.88%HOLD
Why: No clear signal: no clear trend, no options data.
P 52%R1 7%S1 19%25,18224,78625,583
P 52%R1 7%S1 19%25,18224,78625,583
70% chance of closing between 24,960 – 25,406 · 90% between 24,786 – 25,583 · typical high ≈ 25,310, typical low ≈ 25,070
Chance of reaching:↑ P 25,300 · 52%↑ R1 25,587 · 7%↓ S1 24,895 · 19%↓ S2 24,608 · 3%
VIXMon Oct 26 · close 19.45 · typical move ±6.85%BUY
Why: Uptrend, no dominant bet in options.
R1 24%P 56%S1 5%19.4517.2721.91
R1 24%P 56%S1 5%19.4517.2721.91
70% chance of closing between 18.22 – 20.77 · 90% between 17.27 – 21.91 · typical high ≈ 20.29, typical low ≈ 18.75
Chance of reaching:↑ R1 21.24 · 24%↑ R2 23.02 · 6%↓ P 18.87 · 56%↓ S1 17.09 · 5%
WTIMon Oct 26 · close 103.27 · typical move ±2.43%BUY
Why: No clear trend, options are betting on a rise.
P 91%103.2798.99107.74
P 91%103.2798.99107.74
70% chance of closing between 100.72 – 105.88 · 90% between 98.99 – 107.74 · typical high ≈ 104.92, typical low ≈ 101.68
Chance of reaching:↑ P 103.34 · 91%↑ R1 110.41 · 2%↓ S1 96.19 · 3%↓ S2 89.12 · under 1%
GOLDMon Oct 26 · close 4,008 · typical move ±1.21%HOLD
Why: No clear signal: no clear trend, no dominant bet in options.
P 19%S1 11%4,0083,9234,094
P 19%S1 11%4,0083,9234,094
70% chance of closing between 3,962 – 4,055 · 90% between 3,923 – 4,094 · typical high ≈ 4,034, typical low ≈ 3,985
Chance of reaching:↑ P 4,069 · 19%↑ R1 4,150 · 2%↓ S1 3,928 · 11%↓ S2 3,847 · under 1%
SILVERMon Oct 26 · close 53.71 · typical move ±2.34%HOLD
Why: Opposing signals: uptrend, but options are betting on a decline.
P 20%R1 5%S1 19%S2 5%53.7151.5355.99
P 20%R1 5%S1 19%S2 5%53.7151.5355.99
70% chance of closing between 52.52 – 54.93 · 90% between 51.53 – 55.99 · typical high ≈ 54.17, typical low ≈ 53.37
Chance of reaching:↑ P 55.04 · 20%↑ R1 56.37 · 5%↓ S1 52.38 · 19%↓ S2 51.05 · 5%
EUR/USDMon Oct 26 · close 1.1221 · typical move ±0.26%SELL
Why: Downtrend, no dominant bet in options.
P 74%R1 28%S1 28%1.12211.11701.1273
P 74%R1 28%S1 28%1.12211.11701.1273
70% chance of closing between 1.1192 – 1.1251 · 90% between 1.1170 – 1.1273 · typical high ≈ 1.1239, typical low ≈ 1.1203
Chance of reaching:↑ P 1.1223 · 74%↑ R1 1.1258 · 28%↓ S1 1.1186 · 28%↓ S2 1.1150 · 7%
GBPUSDMon Oct 26 · close 1.3404 · typical move ±0.29%STRONG SELL
Why: Downtrend, no dominant bet in options.
R1 33%P 47%S1 15%1.34041.33371.3471
R1 33%P 47%S1 15%1.34041.33371.3471
70% chance of closing between 1.3365 – 1.3443 · 90% between 1.3337 – 1.3471 · typical high ≈ 1.3428, typical low ≈ 1.3379
Chance of reaching:↑ R1 1.3446 · 33%↑ R2 1.3488 · 9%↓ P 1.3375 · 47%↓ S1 1.3333 · 15%
USDJPYMon Oct 26 · close 156.49 · typical move ±0.35%STRONG BUY
Why: Uptrend, no options data.
P 32%S1 15%156.49155.57157.43
P 32%S1 15%156.49155.57157.43
70% chance of closing between 155.95 – 157.03 · 90% between 155.57 – 157.43 · typical high ≈ 156.80, typical low ≈ 156.20
Chance of reaching:↑ P 157.06 · 32%↑ R1 158.03 · 4%↓ S1 155.53 · 15%↓ S2 154.56 · under 1%
NVIDIAMon Oct 26 · close 210.96 · typical move ±1.86%STRONG SELL
Why: Downtrend, options are betting on a decline.
P 34%R1 6%S1 24%210.96204.37217.76
P 34%R1 6%S1 24%210.96204.37217.76
70% chance of closing between 207.09 – 214.90 · 90% between 204.37 – 217.76 · typical high ≈ 213.28, typical low ≈ 208.93
Chance of reaching:↑ P 214.44 · 34%↑ R1 218.71 · 6%↓ S1 206.70 · 24%↓ S2 202.43 · 5%
GOOGLEMon Oct 26 · close 320.21 · typical move ±1.33%STRONG SELL
Why: Downtrend, no dominant bet in options.
P 6%S1 6%320.21313.00327.59
P 6%S1 6%320.21313.00327.59
70% chance of closing between 316.17 – 324.31 · 90% between 313.00 – 327.59 · typical high ≈ 322.68, typical low ≈ 318.09
Chance of reaching:↑ P 328.99 · 6%↑ R1 337.80 · under 1%↓ S1 311.40 · 6%↓ S2 302.59 · under 1%
MICROSOFTMon Oct 26 · close 524.51 · typical move ±1.24%STRONG SELL
Why: Downtrend, options are betting on a decline.
P 79%R1 12%S1 14%524.51513.22536.04
P 79%R1 12%S1 14%524.51513.22536.04
70% chance of closing between 518.17 – 530.93 · 90% between 513.22 – 536.04 · typical high ≈ 528.20, typical low ≈ 520.99
Chance of reaching:↑ P 525.26 · 79%↑ R1 534.82 · 12%↓ S1 514.95 · 14%↓ S2 505.39 · 2%
How the verdict is formed. BUY or SELL when the technical trend and options positioning point in the same direction, or when only one of them has a direction (STRONG when both agree or the trend is very strong); HOLD when they contradict each other or neither has a direction. It is a signal, not a probability: tested over 2007–2026, no model called the next day's direction better than chance. The ranges, on the other hand, are verified: the 70% range contained the close on 68%–73% of days (2019–2026).
What the options say
What investors are betting on and over what horizon · shows how money is positioned, not a guarantee · below, the probabilities verified on historical data
SP500
7,624 -0.52%
↓ DECLINE
Investors are betting on a DECLINE over the next ~30 days (the horizon of the skew and volatility indicators).
Why: Heavy buying of downside protection. Puts are much more expensive than usual relative to calls, more puts are trading than usual and short-term volatility is above long-term volatility (stress).
Next 5 sessions (volatility 15.2%, IV30 implied volatility)
70% chance between 7,477 – 7,774 · 90% between 7,394 – 7,860
Chance of reaching: ↑ P 7,669: 76% · R1 7,725: 48%
Chance of reaching: ↓ S1 7,567: 61% · S2 7,510: 38%
DAX
25,182 -0.75%
NO OPTIONSNo options data for this instrument. The ranges below are calculated from realized volatility.
Next 5 sessions (volatility 14.0%, 20-day realized volatility)
70% chance between 24,675 – 25,699 · 90% between 24,313 – 26,081
Chance of reaching: ↑ P 25,300: 81% · R1 25,587: 41%
Chance of reaching: ↓ S1 24,895: 52% · S2 24,608: 25%
VIX
19.45 +2.21%
⇅ SPLIT
Investors are split: some are betting on a decline, others on a rise, over the next ~30 days – there is no dominant bet.
Why: Conflicting signals. Short-term volatility is above long-term volatility (stress), but at the same time calls have become much more expensive relative to puts and new long positions came in (1.3% in a single day).
Next 5 sessions (volatility 110.7%, IV30 implied volatility)
70% chance between 16.61 – 22.77 · 90% between 14.88 – 25.42
Chance of reaching: ↑ R1 21.24: 64% · R2 23.02: 37%
Chance of reaching: ↓ P 18.87: 84% · S1 17.09: 39%
Good to know about the VIX
  • The VIX shows how large a move the market expects in the SP500 over the next 30 days. It usually rises when stocks fall and drifts lower slowly when the market is calm.
  • VIX calls are bought mainly as protection for stock portfolios: buying calls is a bet that fear will rise. That is why a low put/call ratio (0.2–0.4) is normal for the VIX and does not mean optimism.
  • VIX options are priced off VIX futures, not off the index shown here, and they expire on a Wednesday (30 days before the monthly SP500 options expiry). At expiry they settle at a special VIX value calculated on the morning of that day.
  • The VIX tends to revert towards its long-term average (around 19–20). Spikes above 30 happen in moments of panic and usually do not last long.
  • VIX CFDs and ETFs track the futures, not the index. In calm periods the futures trade above the VIX and VIX products gradually lose value (contango), even if the VIX itself stays flat.
WTI
103.27 +3.82%
↑ RISE
Investors are betting on a RISE until Fri Oct 23 (~0 days) – the expiry where most new positions were opened.
Why: Money is betting on a rise. Calls have become much more expensive relative to puts, more calls are trading than usual and new long positions came in (2.9% in a single day); volatility is rising, so moves could be large.
⚠ Implied volatility JUMPED by +5.0 points in a single day
Next 5 sessions (volatility 55.8%, IV30 implied volatility)
70% chance between 95.51 – 111.66 · 90% between 91.26 – 116.86
Chance of reaching: ↑ P 103.34: 96% · R1 110.41: 36%
Chance of reaching: ↓ S1 96.19: 36% · S2 89.12: 8%
GOLD
4,008 -1.29%
⇅ SPLIT
Investors are split: some are betting on a decline, others on a rise, over the next ~30 days – there is no dominant bet.
Why: Conflicting signals. Puts are much more expensive than usual relative to calls, but at the same time new long positions came in (3.0% in a single day).
Next 5 sessions (volatility 21.6%, IV30 implied volatility)
70% chance between 3,888 – 4,132 · 90% between 3,815 – 4,211
Chance of reaching: ↑ P 4,069: 58% · R1 4,150: 25%
Chance of reaching: ↓ S1 3,928: 42% · S2 3,847: 14%
SILVER
53.71 -1.92%
↓ DECLINE
Investors are betting on a DECLINE over the next ~30 days (the horizon of the skew and volatility indicators).
Why: Heavy buying of downside protection. Puts are much more expensive than usual relative to calls, more puts are trading than usual and short-term volatility is above long-term volatility (stress).
Next 5 sessions (volatility 38.2%, IV30 implied volatility)
70% chance between 50.92 – 56.66 · 90% between 49.04 – 58.82
Chance of reaching: ↑ P 55.04: 55% · R1 56.37: 29%
Chance of reaching: ↓ S1 52.38: 50% · S2 51.05: 26%
EURUSD
1.1221 -0.12%
⇅ SPLIT
Investors are split: some are betting on a decline, others on a rise, over the next ~30 days – there is no dominant bet.
Why: Conflicting signals. Short-term volatility is above long-term volatility (stress), but at the same time new long positions came in (0.4% in a single day).
Next 5 sessions (volatility 6.7%, IV30 implied volatility)
70% chance between 1.1125 – 1.1318 · 90% between 1.1062 – 1.1383
Chance of reaching: ↑ P 1.1223: 86% · R1 1.1258: 67%
Chance of reaching: ↓ S1 1.1186: 68% · S2 1.1150: 46%
GBPUSD
1.3404 +0.06%
↔ STABLE
Investors are betting on STABILITY over the next ~30 days: there are no dominant bets, and volatility is low for this instrument (percentile 34 of 100 over the past year); the priced move is ±1.9% (1 standard deviation).
Why: No clear direction. Options indicators are in their normal range – there are no dominant bets.
Next 5 sessions (volatility 6.7%, IV30 implied volatility)
70% chance between 1.3287 – 1.3522 · 90% between 1.3221 – 1.3590
Chance of reaching: ↑ R1 1.3446: 68% · R2 1.3488: 45%
Chance of reaching: ↓ P 1.3375: 75% · S1 1.3333: 54%
USDJPY
156.49 -1.04%
NO OPTIONSNo options data for this instrument. The ranges below are calculated from realized volatility.
Next 5 sessions (volatility 5.5%, 20-day realized volatility)
70% chance between 155.27 – 157.73 · 90% between 154.35 – 158.67
Chance of reaching: ↑ P 157.06: 61% · R1 158.03: 22%
Chance of reaching: ↓ S1 155.53: 41% · S2 154.56: 15%
NVIDIA
210.96 -0.59%
↓ DECLINE
Investors are betting on a DECLINE over the next ~30 days (the horizon of the skew and volatility indicators).
Why: Heavy buying of downside protection. Puts are much more expensive than usual relative to calls and short-term volatility is above long-term volatility (stress).
Next 5 sessions (volatility 42.7%, IV30 implied volatility)
70% chance between 199.03 – 223.60 · 90% between 191.68 – 232.18
Chance of reaching: ↑ P 214.44: 76% · R1 218.71: 52%
Chance of reaching: ↓ S1 206.70: 64% · S2 202.43: 40%
GOOGLE
320.21 -1.24%
⇅ SPLIT
Investors are split: some are betting on a decline, others on a rise, over the next ~30 days – there is no dominant bet.
Why: Conflicting signals. Puts are much more expensive than usual relative to calls and short-term volatility is above long-term volatility (stress), but at the same time new long positions came in (2.7% in a single day).
Next 5 sessions (volatility 37.6%, IV30 implied volatility)
70% chance between 304.25 – 337.01 · 90% between 294.27 – 348.44
Chance of reaching: ↑ P 328.99: 59% · R1 337.80: 28%
Chance of reaching: ↓ S1 311.40: 50% · S2 302.59: 25%
MICROSOFT
524.51 +0.66%
↓ DECLINE
Investors are betting on a DECLINE over the next ~30 days (the horizon of the skew and volatility indicators).
Why: Heavy buying of downside protection. Puts are much more expensive than usual relative to calls and short-term volatility is above long-term volatility (stress).
Next 5 sessions (volatility 32.7%, IV30 implied volatility)
70% chance between 502.52 – 547.46 · 90% between 489.52 – 562.00
Chance of reaching: ↑ P 525.26: 92% · R1 534.82: 67%
Chance of reaching: ↓ S1 514.95: 60% · S2 505.39: 35%
Technical analysis · one-hour chart (H1)
Timeframe: one-hour chart (H1) · 1–3 day trend · daily support and resistance
⏱ Signal on the one-hour chart (H1) · R1 and S1 are daily levels, valid for Mon Oct 26 · the legend is at the end of the section
SP500SELLscore -55 of ±100
Downtrend: most technical signals are negative, but short-term momentum has turned up.
Resistance 1 (R1): 7,652 · Support 1 (S1): 7,604
DAXNEUTRALscore +10 of ±100
No clear trend: technical signals are mixed.
Resistance 1 (R1): 25,336 · Support 1 (S1): 25,020 · price is above R1
⚠ Price fell below weekly support S1 (25,273).
VIXBUYscore +35 of ±100
Uptrend: most technical signals are positive, but short-term momentum has weakened.
Resistance 1 (R1): 20.45 · Support 1 (S1): 18.66
⚠ Price moved above the weekly pivot P (19.09).
⚠ New technical signal: the underlying trend has turned up.
WTINEUTRALscore -5 of ±100
No clear trend: technical signals are mixed.
Resistance 1 (R1): 105.18 · Support 1 (S1): 100.10
⚠ New technical signal: momentum has turned down.
GOLDNEUTRALscore -5 of ±100
No clear trend: technical signals are mixed.
Resistance 1 (R1): 4,042 · Support 1 (S1): 3,981
⚠ Price fell below weekly support S2 (4,026).
SILVERBUYscore +50 of ±100
Uptrend: most technical signals are positive.
Resistance 1 (R1): 53.71 · Support 1 (S1): 53.71 · price is above R1
⚠ The technical signal reversed: SELL → BUY.
EUR/USDSELLscore -45 of ±100
Downtrend: most technical signals are negative.
Resistance 1 (R1): 1.1236 · Support 1 (S1): 1.1197
GBPUSDSTRONG SELLscore -100 of ±100
Strong downtrend: almost all technical signals are negative.
Resistance 1 (R1): 1.3419 · Support 1 (S1): 1.3377 · price is below S1
USDJPYSTRONG BUYscore +100 of ±100
Strong uptrend: almost all technical signals are positive.
Resistance 1 (R1): 157.06 · Support 1 (S1): 156.01 · price is above R1
⚠ Price fell below weekly support S2 (156.83).
⚠ Price fell below weekly support S1 (157.48).
NVIDIASELLscore -55 of ±100
Downtrend: most technical signals are negative, but short-term momentum has turned up.
Resistance 1 (R1): 213.15 · Support 1 (S1): 209.48
GOOGLESTRONG SELLscore -70 of ±100
Strong downtrend: almost all technical signals are negative, but short-term momentum has turned up.
Resistance 1 (R1): 323.10 · Support 1 (S1): 318.75
MICROSOFTSELLscore -50 of ±100
Downtrend: most technical signals are negative, but short-term momentum has turned up.
Resistance 1 (R1): 528.29 · Support 1 (S1): 518.22

Legend · how to read the technical analysis

We look at the one-hour price chart and ask: which way is the trend heading right now? Several trend and price-strength indicators award points: plus for a rise, minus for a decline. The result is the score, from −100 to +100.
STRONG SELL
−100…−65
SELL
−64…−35
NEUTRAL
−34…+34
BUY
+35…+64
STRONG BUY
+65…+100

What you see on the chart

Candles – one candle = one hour. Green: it closed higher than it opened; red: lower. The wick shows the high and low of the hour. Hover over a candle to see the prices.
R1 – resistance 1: the first level above, where rallies often stall.
S1 – support 1: the first level below, where declines often stall.
Timeframe: one-hour chart (H1). The signal describes the short-term trend, i.e. the last 1–3 days, so it can change from one day to the next. R1 and S1 are calculated from the previous day's high, low and close and apply to the day shown at the top.
BUY/SELL describes the current trend; it does not guarantee that it will continue. The signal is not a statistically validated prediction.
Major macroeconomic news
Romania time (EET) · calendar and the moves priced by the options market
Wed Oct 28, 20:00Fed interest rate decision (FOMC) · SPX options are pricing a ±1.12% move (1.1× a normal day)VERY HIGH
Thu Oct 29, 14:30PCE inflation · SPX options are pricing a ±1.07% move (1.1× a normal day)HIGH
Mon Nov 2, 16:00ISM indexHIGH
Tue Nov 3, 17:00Job openings (JOLTS)MEDIUM
Wed Nov 4, 16:00ISM index · SPX options are pricing a ±1.05% move (1.1× a normal day)HIGH
Fri Nov 6, 15:30Jobs (NFP)VERY HIGH
⚠ The SPY expiry on Fri Oct 30 comes right after the Fed interest rate decision (FOMC) – the days in between can be very volatile.
Macro headlines from the last 24h
Options expiries for each symbol
“Magnet” = max pain, the price at which option buyers would lose the most at expiry (a reference level, not a prediction)
SP500 (SPY options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 302.04M2.48≈ 7,6787,477 / 8,029
Fri Nov 20 monthly3.18M4.88≈ 7,7287,527 / 8,029
A put/call of 4.88 on the Fri Nov 20 expiry means a lot of hedging. If the market does not fall, this protection gets unwound and can push the price higher.
For Fri Nov 20, the magnet is higher (7,728), against the technical signal.
DAX
Monthly Eurex expiry: Fri Nov 20 · Quarterly: Fri Dec 18. We have no open interest data.
VIX (VIX options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Wed Oct 28252K0.24≈ 20.0019.00 / 21.00
Wed Nov 186.00M0.30≈ 18.5018.50 / 20.00
Very low put/call (0.30): positioning is dominated by calls.
For Wed Nov 18, the magnet is lower (18.50), against the technical signal.
The put wall at 19.00 coincides with pivot P.
Good to know about the VIX
  • The VIX shows how large a move the market expects in the SP500 over the next 30 days. It usually rises when stocks fall and drifts lower slowly when the market is calm.
  • VIX calls are bought mainly as protection for stock portfolios: buying calls is a bet that fear will rise. That is why a low put/call ratio (0.2–0.4) is normal for the VIX and does not mean optimism.
  • VIX options are priced off VIX futures, not off the index shown here, and they expire on a Wednesday (30 days before the monthly SP500 options expiry). At expiry they settle at a special VIX value calculated on the morning of that day.
WTI (USO options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 3086K1.50≈ 94.4297.46 / 103.56
Fri Nov 20 monthly154K0.95≈ 91.3797.46 / 103.56
Price (103.27) is sitting right on the call wall for the Fri Oct 30 expiry. Above 103.56, the move could accelerate.
For Fri Nov 20, the magnet is lower (91.37).
The put wall at 97.46 coincides with pivot S1.
GOLD (GLD options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 30104K0.67≈ 4,1543,881 / 4,263
Fri Nov 20 monthly905K0.78≈ 4,2633,772 / 4,154
For Fri Nov 20, the magnet is higher (4,263).
SILVER (SLV options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 30108K0.37≈ 57.8849.61 / 55.12
Fri Nov 20 monthly699K0.29≈ 60.6349.61 / 57.33
Very low put/call (0.29): positioning is dominated by calls.
For Fri Nov 20, the magnet is higher (60.63).
The call wall at 55.12 coincides with pivot P.
EURUSD (FXE options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Nov 20 monthly7090.94≈ 1.13951.1178 / 1.1395
Price (1.1221) is sitting on the put wall for the Fri Nov 20 expiry. Below 1.1178, the decline could accelerate.
The put wall at 1.1178 coincides with pivot S1.
GBPUSD (FXB options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Nov 20 monthly3332.00≈ 1.37521.3335 / 1.3439
Price (1.3404) is sitting right on the call wall for the Fri Nov 20 expiry. Above 1.3439, the move could accelerate.
A put/call of 32.00 on the Fri Nov 20 expiry means a lot of hedging. If the market does not fall, this protection gets unwound and can push the price higher.
The put wall at 1.3335 coincides with pivot S1.
USDJPY
We have no options data for this instrument.
NVIDIA (NVDA options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 30484K0.78≈ 217.50210.00 / 225.00
Fri Nov 20 monthly1.48M0.77≈ 210.00200.00 / 220.00
Price (210.96) is sitting on the put wall for the Fri Oct 30 expiry. Below 210.00, the decline could accelerate.
The call wall at 225.00 coincides with pivot R2.
GOOGLE (GOOGL options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 30172K0.71≈ 340.00305.00 / 345.00
Fri Nov 20 monthly533K0.47≈ 345.00300.00 / 340.00
For Fri Nov 20, the magnet is higher (345.00), against the technical signal.
The put wall at 305.00 coincides with pivot S2.
MICROSOFT (MSFT options)
EXPIRYCONTRACTSPUT/CALLMAGNETSUPPORT / RESISTANCE
Fri Oct 30154K0.42≈ 525.00500.00 / 555.00
Fri Nov 20 monthly437K0.62≈ 470.00500.00 / 535.00
The magnet for Fri Oct 30 (525.00) is practically at the current price.
For Fri Nov 20, the magnet is lower (470.00).
The call wall at 555.00 coincides with pivot R3.
The probabilities in the Options section are the only ones verified statistically: calibrated on each instrument's 2007–2026 history and tested on unseen years (the 70% range contained the price in 68–74% of cases). Options positioning and technical signals describe the market, but historical tests have shown no edge in predicting direction. Options levels are converted from the ETF to the instrument's price.
Disclaimer – limitation of liability
Daily Market is an automatically generated report, for information and education only. It is not investment advice, a recommendation to buy or sell, or an offer or solicitation to trade any financial instrument.
The data comes from third-party sources (market and options data providers, Yahoo Finance, Google News) and may contain errors, omissions or delays; its accuracy and completeness are not guaranteed. Results and probabilities calculated on historical data do not guarantee future results.
Trading CFDs, futures and options carries a high risk of loss, including the loss of all invested capital. The author of the report accepts no liability for decisions made on the basis of this information or for any direct or indirect losses resulting from it. Every trading decision belongs solely to the reader, who takes it at their own risk.

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