MARKET TEMPERAMENT –
Prices grinded higher yesterday only to fail below noted resistance into the close and overnight. Mixed momentum will create more candles with longer wicks and widen risk to participate. Pullbacks are still buying zones. The SPX market makers show a spread of 34 points around the strike of 2580 for options expiring tomorrow – 2546- 2614, so we definitely want to pay attention to those edges as yesterday the upshot was clearly bounded by that range. STRONG resistance zones are still in play.
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