OpEx Friday

By Lawrence

Finally, the open gap that was not filled yesterday in ES and SPY are now filled as I type this post at 11 am.

What’s next?

  • 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


  • Lawrence July 16, 2010 at 1:10 pm

    As of 1:10 pm, scenario 2 in play and scenario 3 is still possible.

    Since both ES and NQ has tagged their respective week low from Monday, a bounce from here points to ORL at 1073.50