I am told that there is a call wall around 6000 on SPX, which
serves as a resistance. Below it calls are not going to be paid, so
market makers defend that level. I do not have an appropriate
subscription level to confirm this statement. There is a support
band into about 5900 on /ES, which is where wave 4 should land.
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Junkie looks like SPY 5950
Posted by rbreese on 13th of Nov 2024 at 02:19 pm
Junkie looks like SPY 5950 possible .
I am told that there
Posted by junkie on 13th of Nov 2024 at 03:21 pm
I am told that there is a call wall around 6000 on SPX, which serves as a resistance. Below it calls are not going to be paid, so market makers defend that level. I do not have an appropriate subscription level to confirm this statement. There is a support band into about 5900 on /ES, which is where wave 4 should land.