thursday options expiry, page-65

Jaolsa

Perhaps your SPX move may give SPI the litle bounce it probably needs.

SPI is sitting on the break down line while SPX is about 20 pts above it.

Not sure how that can work itself out but SPI seems to have been weaker looking for some time now.

Maybe commodities are about to be hit or maybe its just what is needed to scare the locals before a move up.

Certainly SPI feels heavy.

JD called for a bounce to 3780 today and I thought it was on the cards so we were both wrong. Upside gaps can be filled way in the future so less important than downside gaps and we do have some since March, although the initial gap or two can often be left unfilled IMO.