After ripping off Producer Price Index (PPI) news on Tuesday, the S&P 500 (/ES) reversed, chopped, and continued lower on Thursday.
Keep in mind we have Options Expiration (OPEX) on Friday. Don’t fall victim to the manipulation and premium crushing due to option selling. The major news this week continues to loom over the market as a missile hit Poland on Tuesday.
See if /ES continues to hold its levels, breaks the structure above, and heads toward Point of Control (POC) at $3,996. If /ES continues lower, my main downside target is the daily 21 exponential moving average (EMA) around $3,880.
Check out the video above to get a breakdown of my critical levels on /ES and AAPL. I also discuss my favorite setup in GOOGL.
Stay Focused!