$SPX Analysis, Key Levels & targets for Today & Tomorrow (FOMC)

Jan 29

35EMA Underneath us, island gap above us, top of the expected move on the day is 6120 above that all-time highs and 6130 on tomorrow’s contract. If I was looking at bear call spreads I’d probably do 6130/6140. Bottom of the move on the day 6015 and underneath all of that is that 50 day moving average with the 30 minute and one hour 200 Bearily positioned underneath that. Is we drop I’ll be looking to 6010/6000 bull put spreads on todays contract - Let’s go 🙌

7 days ago

Trade closed: target reached

YAAAS!!! Same thing here as SPY, All positions paid - butterflies, condors and bull put spreads all paid with this price action and a close within the expected move!!