Monday, October 11, 2010

Opex week

We have October OPtions EXpiration(Opex) this week. and earnings season starts. It should be a whippy week. The Dow Jones is pinning the 11,000 strike. The S&P should pullback and pin the 1150 strike this week. I think we'll trade between 1150 and 1175 possibly 1200 this week.
the Monthly R1 Pivot on the INDU =11116 will be resistance this week