XJO 0.22% 7,750.7 s&p/asx 200

9lives and mongoas mongo mentioned earlier, i do have a turn...

  1. 4,361 Posts.
    9lives and mongo

    as mongo mentioned earlier, i do have a turn date for the spx due on 14/7 (a low). i also am expecting a high on 22/7 and then a low on 14-15/8.

    my low for the 14th seems ok - thu, not sure if there is sufficient selling pressure to bring price down to my daily/weekly support levels at 850-60. will see.

    given that maximum pain for options expiry this upcoming friday still sits at about 910, i think my directional call for 22/7 is pretty safe. i have resistance sitting at about 907 - which also seems to support were maximum pain is currently sitting.
 
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