Each market plunge washes out more weak hands and forces lower lows. Should the old index close below the venerable 9,000 level it could get really ugly for the bulls. Another critical earning's season looms ahead during option expiration cycle. Opportunity for significant gains will exist more sessions than not. Safely harvesting our share while remaining clear of harm's way remains our order for the future.
Ratio listed is percentage of calls to puts or puts to calls respectively.
Support is factored from dividing puts by calls at strike levels beneath index closing price. Resistance is factored from dividing calls by puts at strike levels above current closing price. A reading above 10.00 is considered viable resistance or support respectively within that general strike price range. No significant changes to note at this time as well.