Day 45 June expiration
Some notes: 200/50 down trend.20/5 moving average down. chart. Sort of flagging after a down trend. usually means it will continue down. 62-68 percent of the time.Support 1850, then 1800. If it drops past 1830 (mini support), might consider getting out of last months VPUT. Resistance. 1900 and 1950. Side ways candle sticks. Up and down, kind of between support and resistance levels. Overnight market were mixed. Europe and asia up and down. looks like a slow day. and choppy. testing VPUT at 1400/1350 (50 spread) so need at least 1.50. (30 cents [Read More Now...]