Halftime: Key S&P Level That Could Break Bulls

I can’t feel bullish unless we close above 1100.

The market found support at 1040, adds Guy Adami, and I agree that it wants to test 1110. But as we approach that level I’d layer into selling positions. Ultimately the next big leg is probably down. Or you can play it with a long position in the Vix [VIX 29.68 -5.34 (-15.25%) ] because I expect to see a spike in volatility.

That’s a great point, adds Steve Grasso. I can see investors getting lured back into the market at 1100 only to have their face ripped off.

I’m long the Vix, adds Patty Edwards. I didn’t like the action in the market on Wednesday and expect more volatility lies ahead. Read more