Friday, February 17, 2012

February Option Expiration S&P500 Chart

5 min
As you can see the 1355 level held like a champ.. 1358 indeed traded which converted into 1360's.. (refer the last paragraph of my post from last night) 1361.25 is the high. notice the red support line drawn from yesterdays pre market low around 1355.. If this line fails the ES could see quick drop. If the line hold and highs traded we could easily see 1363 and higher.. though we need tech participation for this to happen.