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OEX: Hemmed-In

Published 09/21/2016, 12:34 AM
Updated 07/09/2023, 06:31 AM
OEX
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We all continue to wait for the she-devil tomorrow, so I’ll just say the market remains hemmed-in, as shown below in yellow. My dream would be a break around where that circle is, or at least keep us from penetrating into the overhead supply that I’ve tinted in cyan. As I’ve mentioned, I am short but not aggressively so. I don’t plan to get aggressive until the coast is clear from the troll.

S&P 100 (OEX)

OEX Chart

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