It's getting dicey out here.
Huge moves in the market this last week.
Last week $90 expected Move. We moved all of that and then some.
Next week only a $65 expected move. We saw that kind of action in the S&P's on Friday. All of next week, we're supposed to move $65, but we did that on Friday. I anticipate the price action will move OUTSIDE of the expected move.
Here's a more "Busy" chart on the 15 minute for active traders:
www.tradingview.com/...rt/ES1!/Q7jXsfZu-ES/
Good luck next week gentlemen,
- RH
__________________________________________________________________________________________________________________________________
Some other work I've done recently:
Redid my trendlines for the 100th time.
The two multi-trendlines and one final trendline from the (2009 Low - 2016 Low) & the (2009 Low - 2nd 2016 Low), (2009 Low - 2018 Low);
This is a big deal.
https
Recognize that if this breaks, it will be resistance on the way up.
Huge moves in the market this last week.
Last week $90 expected Move. We moved all of that and then some.
Next week only a $65 expected move. We saw that kind of action in the S&P's on Friday. All of next week, we're supposed to move $65, but we did that on Friday. I anticipate the price action will move OUTSIDE of the expected move.
Here's a more "Busy" chart on the 15 minute for active traders:
www.tradingview.com/...rt/ES1!/Q7jXsfZu-ES/
Good luck next week gentlemen,
- RH
__________________________________________________________________________________________________________________________________
Some other work I've done recently:
Redid my trendlines for the 100th time.
The two multi-trendlines and one final trendline from the (2009 Low - 2016 Low) & the (2009 Low - 2nd 2016 Low), (2009 Low - 2018 Low);
This is a big deal.
https
Recognize that if this breaks, it will be resistance on the way up.
Comment:
Gravity Point has been reached, right on queue.
Comment:
Rejected at the Gravity Point. Coming inside the week's Expected Move.
ARE YOU NOT ENTERTAINED!?
ARE YOU NOT ENTERTAINED!?
We've reached the upper end of this week's implied volatility. I expect price to come back into the range by the end of the week but now before reaching up to touch the black Gravity Point just above us.