The PC ratio at 1.90 is bullish with the $spx+vix indicator bearish for Friday.
Still on a sell but all we have done is go up and down. If Tom Demark couldn't call it today on Bloomberg how can I ??
Official sell was Friday close or open today.
Look for spx 1163 soon
Jan 2011 to pending OE in Oct 2011 on Spx.
We think the high is normally Thursday of option week but facts speak different.
Jan 2011 Blue week High Monday, Low Thursday
Feb 2011 Blue week Highs Thursday Friday, lows M-Tu
March Blue week High Monday , low Wed, then sharp rally
April Blue week High Monday, Low Thursday
May Red week Low Tuesday High Thursday
HOY so far May-2-11 @ 1370 spx
June Red week High Tuesday, Low Thursday
July Red week High Monday, Low Thursday
August Green week High Monday,Low Friday
September Green week low Monday, high Friday
Oct in play
So net net the chances for a high are Monday and a low Wed/Thursday, or visa versa if Monday is a low, so watch for the action vs the last Friday for clues. Monday could have a big trading range failure. Monday is the key to OE week.