Monday before open
XOM forecast is $1.35 eps
XOM is weighted 2.14% of SPY and is the second heaviest weight in SPY (AAPL is first at 3.54% of SPY)
“What to look for in Exxon’s earnings”
http://www.marketwatch.com/story/what-t ... eid=yhoof2
Support at triple bottom. Obviously if XOM disappoints Monday, we break down here. If XOM can beat the lowered expectations, a bounce here would coincide with the “capitulation volume” bottom zone, where XOM bounced the last few times.
Earnings are a 50/50 coin-toss bet; lousy odds for front-running.