SPX today’s rollover ratio levels, table and comment

SPX Nov to Dec Rollover 15th Nov 2017





It was certainly lining up for a perfect rollover having closed inside its zone.

So, it looks like rather than a walk in the park today is going to be a rumble in the jungle just to keep it anywhere near its NZ.

It is a shame as last expiry it was the DJX, although that was hardly unexpected or unusual for this year, but this time with that index seemingly behaving itself for once, right at the crucial moment a “coup” gets in the way.

Although considering how easily it could have gone rampant this expiry with the ratio being so bald on top, to actually get back to its NZ for this exact point in time is worth appreciating.


Range:            2570  to  2580

Activity:          Moderate

Type:               Bearish



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No move in December’s NZ but it is still very much on the cards.

For the astute the situation here is very similar to that in the FTSE, however there is one massive difference, in that here it, so far at least, is giving every indication that the NZ here will move up to match November’s.

To highlight this, we have seen the appearance of Y2 now above Y1, which pushes R1 out to 2590, but the other ratios remain the same.

The rollover is a big day and if the market does take fright then this could naturally upset the zones move here, so still a long way to go yet.


Range:           2555  to  2590

Activity:         Moderate

Type:              On balance bearish



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November 15th, 2017 by