LC & others...
If ES goes above 855/60 and closes in that area, does that have any significance with options exp? I get that based on technicals more downside is expected if we don't close above 55/60 (depending on trader's indicators.) But with opt exp if we close at or near 45/50 range why do you expect heavy downside? Is it as simple as it seems (no strength, intentionally floating market simply because of opt exp.)? I'm am reading up on opt exp days and charts, but wondered your points...Thx