The Closing Print live trading and financial blog during market hours.

The S&P500 SPY is transitioning higher, with open interest building overhead at 355 (+/-). Calls continue to pour in near this strike, with the S&P500 painting a similar picture at 3557 (+/-). November OPEX is two weeks away (11/20).

SPY Daily

Resistance Shifts to 355 with 340 offering support as more calls continue to fill in at both levels this week. RSI is back above 50 as well. Major volume by price (VBP) support aligns with these observations as well.

Click to enlarge

Stochastic is turning from oversold. MACD is lagging but heading in the same direction, while volume builds.

While everyone has an opinion, the data suggests a bullish picture into November OPEX. Price is King. Opinions not so much.

Join us today in the trading room for our LIVESTREAM broadcastduring market hours, as we navigate the current environment. Watch, listen, and trade from 9:20 AM to 4:15 PM Monday through Friday.

Happy Trading, 


Want to become a member? Check details here:

Disclaimer:  Do your Own Research

Our content is intended to be used and must be used for informational purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional investment advisor in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise. Trades and or positions listed and taken from the watchlist are my own and should not be considered “advice” to enter any particular position or asset.

Investment Warnings

We would like to draw your attention to the following important investment warnings. The value of shares and investments and the income derived from them can go down as well as up; Investors may not get back the amount they invested – losing one’s shirt is a real risk; past performance is not a guide to future performance.

Live Sessions

Live broadcasts are educational in their content. Proper risk management is considered on every trade or asset mentioned. 

*** Stocks highlighted are for information purposes only and should not be considered as advice to purchase or to sell mentioned securities. 

As always, the use of technical and fundamental analysis is encouraged in order to fine-tune entry and exit points to average seasonal trends. 

These mentions are stocks that we may or may not decide to trade as outlined in the watchlist. Always use a stop.