Each candle on the chartgrid of the 6 Major Indices below represents one
monthly Options Expiration period. The last candle shows market
gains/losses for the August-September series and finished on this past Friday's
Options Quadruple Witching.
For the information of any who are interested
in Pivot Point support/resistance levels, here are the mid-Pivot
Points for the next one-month period (September-October):
- Dow 30 = 13403.27
- S&P 500 = 1443.74
- Dow Transports = 5015.78
- Nasdaq 100 = 2828.10
- Russell 2000 = 842.42
- Dow Utilities = 472.51
We'll see how bullish/bearish market action
becomes on any retest of these levels, and whether any trend reversals
materialize around them.
