Volente - take a look at SnagIt for taking screen shots with arrows and stuff. It's inexpensive and incredibly useful. Just an idea.
http://www.techsmith.com/snagit.asp
S/R Emini Journal
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Volente - take a look at SnagIt for taking screen shots with arrows and stuff. It's inexpensive and incredibly useful. Just an idea.
http://www.techsmith.com/snagit.asp
Volente -
Fascinating demonstration of your rule of 10.
For the move off the regular open, how would you know in advance to measure the 10 pts. from the pre market high (1251 area) instead of the low where the opening move started from (1246.5, which would have given a 1256.5 exhaustion area)?
The two subsequent 10 pt. moves were all measured from a pivot low on your attached chart.
Thanks,
Sandy
Fascinating demonstration of your rule of 10.
For the move off the regular open, how would you know in advance to measure the 10 pts. from the pre market high (1251 area) instead of the low where the opening move started from (1246.5, which would have given a 1256.5 exhaustion area)?
The two subsequent 10 pt. moves were all measured from a pivot low on your attached chart.
Thanks,
Sandy
I look for the moves off of previous support or resistance
The 1251 goes back to last friday.
http://quotes.ino.com/chart/?s=CME_ES.U06.E&v=w
The 1251 goes back to last friday.
http://quotes.ino.com/chart/?s=CME_ES.U06.E&v=w
You knocking my crude computer skills ? LOL
Just a suggestion!
If nothing else, it would probably save you some time. Drawing those 'arrows' cannot be easy!
I'm not much better, that's why I bought SnagIt. It's pretty nice for all it does.
I actually have an arrow function but was just to lazy to use it.
Quote from hpeganz:
Could you give us your reasoning, please?
Options expire Friday, there was massive put interest in spy from 1220-1260 and hardly any call interest. Plus there was an inverse head and shoulder from yesterday.
http://finance.yahoo.com/q/bc?s=^GSPC&t=5d
Hey Guys,
We are getting close to options expiration day, that could make for an interesting next day and a half. We have to figure out where max pain is. If tomorrow is an up day or light range day then we know max pain for options was on the call side. If we drop tomorrow then the put side.
Well here are my numbers for tomorrow:
Long 1270-1273.25
Short 1258.75-1251.75
Have a good trading day,
Gary
We are getting close to options expiration day, that could make for an interesting next day and a half. We have to figure out where max pain is. If tomorrow is an up day or light range day then we know max pain for options was on the call side. If we drop tomorrow then the put side.
Well here are my numbers for tomorrow:
Long 1270-1273.25
Short 1258.75-1251.75
Have a good trading day,
Gary
As of today's close, SPX is right at the exact Max Pain point.
Based on open options positions, there's somewhat stiffer resistance to the upside than the downside from here (see the attached chart).
Sandy
Based on open options positions, there's somewhat stiffer resistance to the upside than the downside from here (see the attached chart).
Sandy
1260 is the number I come up with off of spy.
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