Here is a five minute chart of the e-mini day session. I have moved my estimate for today's high back to 935, giving the range estimate of 910-935 (blue rectangle) that I first proposed in this morning's guesstimate.
At this juncture I think the market will hold support which I estimate now stands near 916.75, the midpoint of today's day session range (purple dotted line). I expect to see the e-minis to reach the 940-50 range next week.
1 comment:
Carl,
What's your view on the max pain theory for next Friday? The max pain for SPY is currently sitting around $87.
Thanks!
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