Morning Ideas July 15, 2021
The red boxes on my chart indicate where the majority of the options open-interest is going into OPEX on Friday.
You can clearly see that the market is stuck in between those two areas. I would expect today to be a back and forth type of day, most likely bouncing back up into the value area and towards VPOC at 4370.
By the time the market closes tomorrow, I believe we will still be in between 4390 and 4340, and I am going to play it accordingly.
You can clearly see that the market is stuck in between those two areas. I would expect today to be a back and forth type of day, most likely bouncing back up into the value area and towards VPOC at 4370.
By the time the market closes tomorrow, I believe we will still be in between 4390 and 4340, and I am going to play it accordingly.
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