By Lawrence G. McMillanA double top is now evident on the $SPX chart in the 2950 area. So for now that is strong resistance. The question is whether we're in a trading range or a stronger downturn is...
McMillan Volatility Bands are an alternative approach to John Bollinger's "Bollinger Band" study and developed by world-renowned options trader and author Lawrence G. McMillan. Given his background...
By Lawrence G. McMillanStocks continue to rally, as they have been since March 23rd. There was a rather sharp pullback about a week ago, but it merely pulled back to the rising 20-day moving average...
By Lawrence G. McMillan$SPX managed to climb above the 2880 level this week and moved above 2900. Our initial estimate of resistance in the 2850- 2900 area was thus overcome, and the declining 50-day...
By Lawrence G. McMillanThis article was originally published in The Option Strategist Newsletter Volume 6, No. 2 on January 22, 1997. In this article, we're going to take a look at the...
By Lawrence G. McMillanThe oversold rally that began on March 23rd has run into some resistance in the 2850 2900 area. The declining 50-day Moving Average of $SPX has, so far, acted as a hindrance...
By Lawrence G. McMillanThis article was originally published in The Option Strategist Newsletter Volume 19, No. 12 on June 25, 2010. Options have many uses, but a primary one is that...