AI
Wednesday, January 24, 2018 9:34:34 PM
Can Spy head south now??
Yes, yes it can!? I've attached my proprietary OE(Option Expiration) chart as it shows the straight horizontal blue line representing the Close on the Third Friday of each month or Opex!
You can see Spy has climbed handsomely since the Sep 2017 OE of 242.71, 40.00 plus points in fact! And while the 4cast(cant trust 4cast ONLY price, especially the Close), suggest more Up??
That said, over the years a Strong couple OE up move(Dec 2017 and Jan 2017 which ended 1/19), often continues the trend for 2-3 days and then reverses??
The reverse either goes back down to the OE line, 280.41(close on 1/19/18), and bounces, and/or violates said line and goes negative the same amount of the move above said line??
Spy was Up 1.5% from 280.41 today at 284.70 and could go down -1.5% or 276.20(a -3.0% decline from the recent ATHigh(284.70)??
Yes, yes it can!? I've attached my proprietary OE(Option Expiration) chart as it shows the straight horizontal blue line representing the Close on the Third Friday of each month or Opex!
You can see Spy has climbed handsomely since the Sep 2017 OE of 242.71, 40.00 plus points in fact! And while the 4cast(cant trust 4cast ONLY price, especially the Close), suggest more Up??
That said, over the years a Strong couple OE up move(Dec 2017 and Jan 2017 which ended 1/19), often continues the trend for 2-3 days and then reverses??
The reverse either goes back down to the OE line, 280.41(close on 1/19/18), and bounces, and/or violates said line and goes negative the same amount of the move above said line??
Spy was Up 1.5% from 280.41 today at 284.70 and could go down -1.5% or 276.20(a -3.0% decline from the recent ATHigh(284.70)??
