SPY-M: Monday’s best pin is 293 with a range from 293 to 295. Unless we get a trending day confirmed by breadth then we should expect price to close within 293 and 295 Monday. SPY-W: Wednesday doesn’t really have a best pin, but somewhat of a range from 290 to 295/296 and it’s not even...
SPY-M: Monday’s best pin is very clear between 290 and 291. Of course there is no guarantee price will pin there, but if Monday is a slow day with flat breadth then it’s very likely. Alternatively if price gets below 290 with negative breadth that is falling then it’s signing sellers are starting to gain...
SPY-M: Monday doesn’t really have a great pin. The open interest is kind of unruly. There is some decent put support at 288 and also at 285. In between all that is some high calls just making it messy. There is call resistance from 290 to 292. We will have to see how the market...
SPY-M: Monday’s best pin is between 288 and 288.5. SPY closed Friday right above there. As long as price holds over 288.5 then it likely goes higher and cuts through those calls. However, if we gap up and things start to stall then it is possible we fall back to close at or near that...