timwest

SPDR S&P500 SPY OPTIONS EXPIRATION LEVELS ARE IMPORTANT SUPPORT

AMEX:SPY   SPDR S&P 500
464 1 4
A picture tells a story of a thousand words - this picture is very helpful to me. It plots where the market closes on its monthly options cycle which is the 3rd Friday of each month.

Look how the market has grinded up steadily.
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Today's low tagged the support level and turned up on the day. 5/7/2014
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