MAPPING INTO EXPIRATION DAY

TODAY:

With mapping, we have an indication of where price action will give us an edge as to market direction, thus a point to consider an entry.  Today the long remained at 13.25 with a short look at 10.5.  It should be noted, that a failure at either can be viewed as an earlier counter entry, as opposed to waiting for the original long/short target to hit.

Examples: 

1. pre-open failed, short into 10.5 area and look for reason to continue or to get out.
2. B4, bear failed to continue b3 strength. B5 was your long into 13.25, as opposed to those waiting for 13.25.

The bullish nature for today's PA was seen in the upward TL from b270 to b5-6, then b21-22.  Again, a failure (i.e. b21-22) is a strong candidate for a long even though we are below the long mapping target at 13.25.

It's Friday, expiration day, and nice weather.  Bulls got 1318, a target discussed in our chat.  Time to begin the weekend.