NQ closes the gap
NQ (NDX futures) does the deed, closing its June 25th gap and dropping 8 points into the futures close (120 mn chart). Note the lower volume on the higher high at the close.
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on Friday, August 08, 2008 at 8/08/2008 04:19:00 PM.
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8/9/08 12:37 PMHi Marc,
Where do you see Max Pain for the Q's this week?
EJB
8/9/08 1:18 PM
45 is August max pain, but it's not a very reliable tool when dealing with index/etf options. Nevertheless, it does tell us that we "normally" should not stray to far way. That would put QQQQ 47.50/48 in an extreme upside situation.
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