Monday, June 11, 2012

Quad Opex week

welcome to Quad Opex(options expiration) week. Over night we gapped up but since then have filled the gap(Fridays clsoe). Also, Sept Dow futes(YM) kissed the weekly R1 pivot point and the 50 day moving average. Will we pin 12,000 this week, or make a right shoulder around 12250 on a possible IHS pattern and bounce up to 13,000?