Special Situation Alerts is McMillan Analysis Corp.'s newsletter service designed for the...
The Daily Put-Writer is McMillan Analysis Corp.'s daily newsletter service for the avid put-seller. Delivered each afternoon, The Daily Put...
McMillan’s Probability Calculator is low-priced, easy-to-use software designed to estimate the probabilities...
Professional traders are well aware of the fact that an increase in a stock's option volume is often the precursor of a move by the...
Sign up for The Weekly Updater to receive comprehensive stock market insight each Friday for free. Enter your email address below
No events available.
Join Larry McMillan as he discusses the current state of the stock market on May 30, 2023.
...The trading range environment for $SPX is still in place. The horizontal lines on the chart in Figure 1 depict the...
In today's market, you may find yourself invested in cash or Treasury bills, enjoying the recent increase in...
By Lawrence G. McMillan
The trading range environment for $SPX is still in place. The horizontal lines on the chart in Figure 1 depict the extent of the three most prominent ranges that are in place right now. Most recently, the tightest range is 4100-4200. A slightly wider range, 4050-4200, exists if one extends back into April. Then the larger range, roughly 3800-4200 encompasses all of 2023 and even the last part of 2022. Of course, 4200 is the top of all of these ranges. One can be sure that aggressive traders have been and will continue to short the market at 4200. If it eventually breaks out to the upside, there will likely be some heavy short covering to accompany that...