Normal drop in morning to 9:45 then pivot to a rise, followed by a continued drop. Historical low of the day comes in at 11:00 AM followed by a rise. Look for a brutal chop zone during lunch hours from 12:15 to 1:35, followed by a slow steady rise to close.
Parabolic close high likely in last five minute interval.
This was calculated by looking at the last 12 months of Fridays that fell on Options Expiry. A flat average of Open, High, Low, Close was used, then a moving weighted average for the last three Fridays.
Parabolic close high likely in last five minute interval.
This was calculated by looking at the last 12 months of Fridays that fell on Options Expiry. A flat average of Open, High, Low, Close was used, then a moving weighted average for the last three Fridays.
Order cancelled:
So the trend is broken. Instead of a gradual rise in price, we have a steady flat market and decline heading into 2:00 PM. If this trend continues, we could hit new lows, and the parabolic moves associated with options contracts could be huge low swings, as opposed to the normal trend. Be careful out there!! 12.16.22, 1:57 PM EST