As mentioned this week - as price extends higher risk for a
pullback increases (yesterday the 5927/22 zone providing a few nice
trade shorts and losing 5890 overnight for another). With
OPEX have to see if by tomorrow we can get another push up to run
the equal highs. Looks like 3 waves up from May 7th
low. Bulls need to hold SPY 577 as the last line of defense
and preferably higher.
Following OPEX, have to see how positioning lines up but likely
to be less supportive and a pullback of at least 100/150 points is
highly likely
ES
11/18 ES Levels December Contract. (ESZ25)
Posted by steve on 15th of May 2025 at 08:27 am
ES lost 5890 support overnight and moved down to 5872/65 zone (low was 5867) bull want to reclaim 5890 and 5900 to target 5910 and 5922/27
Steve I have heard SPY
Posted by rbreese on 15th of May 2025 at 08:29 am
Steve I have heard SPY 50 day has to hold support or else the entire rally may be in question.
As mentioned this week -
Posted by steve on 15th of May 2025 at 08:59 am
As mentioned this week - as price extends higher risk for a pullback increases (yesterday the 5927/22 zone providing a few nice trade shorts and losing 5890 overnight for another). With OPEX have to see if by tomorrow we can get another push up to run the equal highs. Looks like 3 waves up from May 7th low. Bulls need to hold SPY 577 as the last line of defense and preferably higher.
Following OPEX, have to see how positioning lines up but likely to be less supportive and a pullback of at least 100/150 points is highly likely
Next week VIX expiry wednesday
Posted by arun on 15th of May 2025 at 09:09 am
Next week VIX expiry wednesday