Market Sense and Sentiment

[RCKS]

Good morning Bob, maybe afternoon in the desert though.....
Haven't chimed in in awhile so here goes:
I adopted a new year resolution that I would make no short term trades the last week of expiration and by that I mean I want to avoid trading any shorter term market moves the week of expiration. I may take positions into the week of expiration put in place sometime ahead of these weeks but no new positions.
That said, this week is thus far playing out much as I thought it might, the devils (whoever they are) seem to manipulate the market in expiration week and this is turning out to be a good one. Max Pain was ignored last month to the downside, this month it is being ignored to the upside, a certain kind of balance there huh???
I have 1315-1318 as a target for this run and I base it on the falling R line on this weekly chart, we should get a pretty good correction once we roll over from there but its too early to put much stock in that yet.