CBOE ends the day on a bullish note closing near the high of the day
CBOE finished the week -2.26% lower at 92.49 after gaining $0.39 (0.42%) today. Trading up to $0.85 lower after the open, the market managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending with a strong close near the high of the day sets a bullish note for the next session.
Friday's trading range was $1.53 (1.66%), that's below last trading month's daily average range of $2.14. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being above average.
Prices are trading close to the key resistance level at 92.64.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for CBOE Holdings
|Close to S1 Support||TQ Pro Members Only|
|Closed above last periods high||TQ Pro Members Only|
|5 Consecutive Higher Closes||TQ Pro Members Only|
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