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S&P Options Price Support On The Six-Month Technical Basis

The EchoVectorVEST Bi-Quarterly Coordinate Vector OEX Daily Action GuideChart and its Implications For

FRIDAY's Option Expiration Day

May 14, 2012 8:18 PM | about stocks: SPY, SPXU, DIA

Presented in the chart below are significant price/time coordinations on the bi-quarterly basis for the OEX, the S&P 100.

These support and resistance echovectors present price level attainment possibilities and implications as the market approaches options expiration on Friday.

Also consider their implications regarding a potential second 'price leg down' before competing what would constitute a 'parallel short-term correction sum' to that correction six months preceding.