My views are restricted to this expiry. But this expiry makes me believe that stocks have obeyed the support resistance theory better than indexes.
Have in the past stocks too been sitting on support/resistance without a move on either sides like indexes have this expiry. Would like someone else who have been trading stocks and indexes to comment on this one.
Or this phenomenon is due to fact that indexes are weighted averages and have no underlying to buy and sell...
Also can we conclude that stocks are more likely to bounce or break the S/R with strong moves thereby making it better choice for trade on either sides with respect to S/R theory