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- TERMINOLOGY: ES = S&P Futures; YM = DOW Futures; NQ = Nasdaq Futures
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The 
10yr is @ 1.290
SPX JOBS Friday AUG 6 Data:
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Overnight Gap: -0.03
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Range: 11.75
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Open -Close: +7.45
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Close -Close: +7.42
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LOD > Previous Close: -0.03
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Previous Close > High: +11.72
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ATH > Close: -0.10%
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ATH > LOD: -0.26%
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YTD (Close) 2021: +17.85%
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HOD Off MAR 2020 LOW: +102.61%
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YoY: +33.32%
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Month of AUGUST: +0.67%
SPX Friday was the SMALLEST INTRADAY RANGE since FEB 12, 2020
10Day
TUESDAY WILL BE YOUR BIG SELL DOWN DAY TO SPX 4384?
Friday was WEAK in many more ways the just the smallest trading range since just prior to the FEB 19 2020 TOP placed ahead of the world being introduced to Fauci.
New ATHs on the DOW, Nasdaq & S&P 500, but you wouldn’t see that on the names that make up those indexes
FOR TUESDAY:
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SPX 4383.72 100% LINE IS STILL THE DIP SUPPORT (4383.72) CONTINUES TO BE THE PUTS BUY ALARM WHILE ABOVE
BEARS NEED -4372 while 4369 / SPY 436 1st SUPPORT attempt;
4330 / 433.3 2nd and starts CONFIMRING RALLY IS OVER
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1 UNFILLED GAP From Last Week: 4408 – 4402
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3 UNFILLED GAPS FROM JUL 21, 22 & 23 START -4372
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14 UNFILLED GAPS THIS YEAR
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23 to OCT 30
This week a GANGBUSTER of earnings with AMC tonight and a plethora of names we trade quite often throughout the week along with:
Fed Speakers all week
Productivity & Labor costs tomorrow
CPI Data Wednesday as well as the Federal Budget with the regular CRUDE Inventory report
PPI & Jobless Claims Thursday and then Michigan Consumer Sentiment Friday
TOMORROW MATTERS & SPX 4372 REALLY MATTERS
THE OPEX PATTERN
Today is the 9th of the month, 6th trading session and tomorrow the 10th of the month.
Tracking the OPEX PATTERN and since we FAILED ONLY MAY 2021 thus far this year, the DAY OF THE MONTH is significant here being the 9/10th
Forget about that MAR 2020 Failure where the High of the Month placed on MAR 10
IF SPX DOES NOT COMMIT TO A SELL DOWN TODAY/TOMORROW & PRESSURE/BREAK BELOW THAT 4372…
There is virtually NO CHANCE it happens prior to next week’s OPEX PATTERN which will be looking to place a HIGHER HIGH than what exists which is SPX 4441 / SPY 443
Last week’s 4385 & 4373 are extremely important for both BUYING CALLS into AUG 20 and to CONFIRM/DENY the view to buy those AUG 20 CALLS
Until any pressure on those two pivots, SPX 4400 / SPY 440 will be considered SUPPORT
