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Posted by JuanV
on January 11, 2019, 9:54 am, in reply to "OI/Market
Hi Tango. Thank you as always. The market, as you said, is somewhat defensive today. For the most party, very random trading, re-balance related. Almost the feeling of a roll. Still, the market has weakened once breaking some short term technical levels. Now trading below the daily 8ema. I think a close above this level (currently 10325) is important. As for the expiration of G9 options, perhaps a pin of the 10250 strike is in the cards.
The pattern has been to see pressure in the market post expiration in a weak market.
Most recent-- Ironically, the F9 expiration (12/14) saw H9 trade in a range of 10210-10400, settling 10225 (below 10250). The following Monday saw H9 lose -2.15.
Good trading !