Weekly Options pin

I suspected this earlier, the weeklies are getting more influential, this from a member just now....

Agree on this Brandt... Closes we're AAPL under 630, QQQ under 67, SPY under 143 and does not seem likely these were random... 

AAPL is one of the better examples, but there were several averages with bullish reversal candles put in today, on a few of them I can't get the closing/consolidated volume until I update.

 AAPL's big break below the neckline didn't see the type of follow through technical analysis teaches we should see, instead the support of Tuesday held the entire week, seems a little like a pin, however we also saw a very bullish candle in not only a Doji today, but with yesterday an even stronger Harami reversal set up, these work better than people give them credit for, as for volume, I wish it were higher, but it is a Friday.

 SPX also put in a bullish Star today, volume isn't updated yet, I expect it isn't higher though vs yesterday on a Friday, note the past bearish shooting star and Doji reversal candles.

 I went a little crazy with the QQQ reversal candles, but the range from this week held and we saw a very bullish Doji, which shows indecision in the trend down, which opens the door to a reversal, the average closed nearly where it opened.

And the Dow, today it put in a Doji with long wicks, prices on the up and downside were tested, it closed near the open, a very nice looking reversal candle, however again, we stayed within the range of the last couple of days, perfect for an options pin.