options expiry thursday, page-27

I note on CMC and IG that daily RSI crept over 50 and holding the last few days so trying to be positive. On my EOD it is more neutral/neg.

SPX needs to break the 1100 mark to be pos.

I had a look at SanFelipes's date as he is the turn guru and look interesting.

I was looking for about Aug 23 for SPX, and cycle software is suggesting Aug 24 and/or Sep 7 and even Sep 16ish.

The Aug date is 120 cal from the April top and the Sep dates aren't far from SF's.

I suspect here we will spend tomorrow working every timeframe into exactly neutral so it can surge or plunge on Monday when I am travelling and can't trade, dammit!

Apparantly the max pain indicator for SPX Friday night options expiry suggests 1110 but I have watched it a few times and I don't think it works all that well.