OpEx FridayBy on 2010 Jul 16 Fri 11:03:53
Finally, the open gap that was not filled yesterday in ES and SPY are now filled as I type this post at 11 am.
- Scenario 1 – stuck between here and 1090 fir the reset of the day if the intended settlement price by close is 1080 zone
- Scenario 2 – ES stays below S1 at 1079 for several hours and crash further to a new low in 3 pm, putting mid-1060 in play
- Scenario 3 – ES printing new low in 11 am and a strong trend sell day is established with multiple day downside target at low 1050s