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I don't know. Do you? Today's session felt very contained, though. Like the powers that be wanted to pin down this price range.

Looks like market makers want this to close around 4150 today. 2nd smallest range so far this year. Normally, I would think this day would have traded higher by now, but it seems like that may not be happening today. I'm curious if options expiration today could explain the strong bid which...

If we don't get a new high or low by the close this is the 2nd smallest range of the year so far. Looks like the powers that be wants a close around 4150.

Also, anything else with regards to how the option market affects or may affect stock index futures would be of interest. Thanks. :)

Can something reliable be said about the price behavior of the stock indices and futures around option expiration day? I've heard it said that generally, market makers will try to pin the stock market at a price which gives the most favourable outcome for their books. For ES today, that...

I did that today in reverse and got chopped up all over the place. :mad: With op-ex today, we might be locked in this range. Still holding long from 40 and hoping for the best. Yes, that's my strategy for the remainder of the day. Hope. :) I can see this going to 4175. No sell off today, I think.

Stop at B/E + 1 tick. Waiting a bit to see what happens here. I'm in drawdown, so I need a biggie today. Looking to add to this at some point, but need to get a better sense of what's going on first. So far today, I have not been getting it right at all. It happens... Maybe add a few on a...

Only a 23 point range, but feels like more, doesn't it? FBO above the HOD. Now, an FBO below the LOD. Rangebound! After that morning move off the LOD, I just don't have the guts to short this. Longed 40 with a stop below the LOD. If I get lucky, I'll add above 50 or so.

Op-ex today. I forgot. Could be a factor today for sure.

I got whipped around today. Sure fooled me a few times.

Held like quicksand. Looks like 4120 after all, then.

4150 holding up fairly well once again. Same recipe as yesterday if we take out the HOD and start ripping. Will pay attention to 61 and 63 as potential hurdles. If today's an Up Day after all, I would be looking at 4180 as a target with everything above as a bonus. No take off yet, though.

How was Tokyo? Been a range bound week while you were away, so as good a week as any for a holiday.

I went long at 56, but will stop out at 50 or so. Original short thesis was based on a gap down open and we're now looking at a gap up open which changes thing a bit. I will keep those stats in mind, though, and don't get too comfortable on the long side. Need a good move above 60 to convince...

Kind of, yes. Trading below the weekly Open and last week's Close, though. I stopped out my short (not posted). Terrible entry, but I felt sure that this time we'd break. Waiting for the Open now to see what's up. Will be looking to short a failure to trust higher, but have to stay flexible in...

FBO off the ETH low. Maybe it's pay day for the dip buyers once again. I still think we're due one push lower. Let's see where this opens... :)

Flagging near yesterday's low. After a week of moderate success, I think dip buyers of the range low will get creamed today. I see an open gap from last week at 4120 on ES. Might be a good target for today's RTH session. I may very well be wrong on this.

Primarily looking to short this today. Not going to be as greedy as Schizo, so if I can get 4130 pre-market I'm a happy man and will take an early weekend. Pretty sure we're looking at a decent gap down by the Open with good chances of continuation lower. Watch me get it wrong shorting near...

Why not break it even, though? You have two excellent short entries in a row. Surely if we sell off from here it should never be touched anyway. And if it does and you still believe in a sell off you can always re-enter. FWIW, and take it with a grain of salt, my statistics gives low odds of a...

Breakeven stop now, maybe? :) Holding up fairly well here, IMO. I would love a decent sell and to see volatility spike a bit again.