Welcome to opex Friday! Here are the two types of intraday forecast maps for today made available by ChartsEdge Daily Maps. Mike's alert states they look inverted from one another. I only agree up to 11:45 - after that their slips and timing look the same to me. Well, it's options expiration day .... Actually many traders just trade out or close their options and some do a little trading, then many leave early. My main comment is, maybe we'll confirm today, odds are we won't - but clearly the SPX has 1082 below to mark the bear, and 1102, 1107 above as strong resistance. Especially on this Fruday before the week coming up with Thanksgiving. But some like to trade around intraday even with very speculative options that might go into-the-money by end of day - that's a very dicey game, typically there isn't enough intraday range for that. Whatever your style, enjoy. And without more ado, here's ChartsEdge:
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Daily Charts … Inverted from one another.
Posted: November 20th, 2009 | Author: Mike Korell |Filed under:One-Day Market Map | No Comments »
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