Re: Re:ES headed to 2690 to 2710>> Heres the 120 min ES chart
Wed Is OPEX rollover - Plan to Sell there possible 2400s then off top
Wednesday is Weird Wolanchuk Wed OPEX rollover - "Weird Wollie Wednesday", created by Don Wolanchuk, references the Wednesday prior to options expiration. The observation made by Wolanchuk stipulates that this day is made up of manipulated price action which is primarily related to the faster deterioration of options premiums during the week prior to options expiration; many traders are rebalancing and rolling their options forward. Using WWW as a guide, it is not uncommon to see strong moves down in the market place on the Wednesday prior to options expiration week.