Wednesday, August 17, 2011

SP 500 and NDX Futures Daily Charts - Uncertain Seas Ahead



As a reminder there is an options expiration for equities on this Friday.

A reader informs me that OptionsHouse increase the margin requirements for options to 100 percent today. Someone obviously expects some turmoil and wishes to reinforce their extended value at risk.

I was not encouraged by the failure to rally above resistance today, but in the short term anything can happen, especially

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