timwest

SPDR S&P500 SPY KEY SUPPORT 184 FROM 2 OPTION EXPIRATIONS

AMEX:SPY   SPDR S&P 500 ETF
280 8 12
This is a follow-on chart I have been publishing for two years here at TradingView.

The 3rd Friday of EVERY MONTH has an important options expiration where investors and traders hedge their risk or speculate on the future direction of the market and then settle out their trades on this particular day.

The end result of all of the buying and selling is an important price, which the market "remembers" as important and usually reacts to it upon returning back to from higher or from lower prices.

Note all of the purple-circled areas to see how the market acts around these key days, which are hidden from view in the way most people look at the market.

If 184 breaks, watch out below.

Tim 7:48PM EST, March 13, 2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
G13Man
2 years ago
interesting look and thought . i might have to check my usual symbols with this
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BizkitBR PRO
2 years ago
very good info and chart... thanks so much!!
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timwest PRO BizkitBR
2 years ago
You are welcome
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motleifaul
2 years ago
Great!
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cilbery
2 years ago
I'm going to keep an eye on this from now on, thanks.
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timwest PRO cilbery
2 years ago
You are welcome
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----> 1950
Reply
timwest PRO charlie.delta.trader
2 years ago
Charlie.delta.trader, this method doesn't give you forecasts like 195 on the SPY, but it gives you support and resistance from previous expiration levels. I hope you can post your own charts as to why you see a move to 1950 on the SP500. Thanks for the reply.
Reply
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