revisiting day low, watch for possible double bottom. however looks to me unlikely it'd be double bottom, bias is down.
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kind of descending triangle, break down more likely.
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I have one more gap target just a bit lower at 2,457.59.
I can also see a big bolus of Put open interest at SPY 245 expiring tomorrow that could act as a magnet.
After that I don't have much technical context until 2,400 or so and below.
Looking for some exhaustion/capitulation action...
I have one more gap target just a bit lower at 2,457.59.
I can also see a big bolus of Put open interest at SPY 245 expiring tomorrow that could act as a magnet.
After that I don't have much technical context until 2,400 or so and below.
Looking for some exhaustion/capitulation action...
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Since today and tomorrow is all about options I remember Nomra's boy wonder saying that the century marks are big levels for insurance. It looks like every 25 point level off the 00's has some power right now.
what's going on? knights of shinning armor coming finally?
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key time, if the rebound was just a vacuum, then should be sharp down from here.
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