bringiton
The caveat with the premium being a contrary indicator is that tomorrow is month end and significant moves often happen then especially when markets have been stalled for a while.
It is as if there are those that care only about month end price closes and work hard to get them to certain levels on the last day of the month.
The premium was 26 pts and although well above neutral is about what we have seen quite a few times since March low.
That all leaves me less confident about its reverse effect than I might otherwise be.
I admit to be in the bullish camp, with SPI 3550 being support at worst.
Always willing to change my mind.
wednesday woes, page-103
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