Robert P. Balan
Oct. 28: Update No. 1 -- SPX 6895 still functions as magnet, strong cap; but downside opens up with breach of 6880
Oct. 28: 6890/95 acts as MAGNET (morning) and CAP (afternoon) = PIN all day
Oct. 27: Update No. 2 -- upside is capped at 6880 today; rapidly decaying charm after 2:30 PM EST (NY time) provides better odds for the downside
Oct 27: Update No. 1 -- new primary magnet/cap at 6870 - 6875; downside trigger moves up to 6835
Oct. 27: Market Maker hedge flows favor magnet/cap 6845 - 6850 in early NY; 6810 weak magnet/floor a low %, down target
Oct. 24 - Update No. 2 -- SPX gets hard cap at 6815 - 6820, and solid floor at 6800 -- with charm decay favoring longs, we may get a pin at 6815-6820