S&P Next Week Expected Move ($58.5) and Gravity Points
Updated
Gravity Point at $2911 looks like an objective Long. Short term, this is oversold, 5 days down in a row.
Plan on exiting the long at the Red Box. I could see another shorting opportunity if we got to $3000 again.
Expected move increased by $20 after last week had a 3 standard deviation move down, breaking the trend we had built.
Last major week of earnings ahead.
Goodluck next week gentlemen,
- RH
Last Week's Post: (Expected Move: $38)
Zoomed out 30 minute view of most recent uptrend:
Zoomed out 2hr view of the most recent uptrend:
Plan on exiting the long at the Red Box. I could see another shorting opportunity if we got to $3000 again.
Expected move increased by $20 after last week had a 3 standard deviation move down, breaking the trend we had built.
Last major week of earnings ahead.
Goodluck next week gentlemen,
- RH
Last Week's Post: (Expected Move: $38)
Zoomed out 30 minute view of most recent uptrend:
Zoomed out 2hr view of the most recent uptrend:
Comment
30 mins into the trading weak and we've reached the Lower Expected MoveComment
$2843 Gravity Point has been hit! Wow, tremendous moves.Comment
Holy boys. Afterhours down 1.5%.Comment
Right back to square one where we started the week!Comment
Wouldn't it be neat if we ended this volatile week right on $2911?
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