Web Statistics Post Opex Move

Friday, 26 October 2012

Post Opex Move

It seems there are now more bullish divergences on the charts in globex, and some of the weak sell stops have been hit and cleaned out a bit.

I talked about what was setting up in the hourly chart early morning > HERE!

The market opens in about 2 hours, and we are sitting right at the previous support that goes back to the end of AUGUST this year. I think anything over 1402.75 and we could class that as bullish.


spx chart
spx chart


Again, I must make mention that it is smart to look for a bounce late in the week after opex. We did not get any real bounce yesterday, but maybe today??? We shall see.

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