RHTrading

S&P Expected Move ($65) + Gravity Points -Next Week Trading Plan

RHTrading Updated   
CME_MINI:ES1!   S&P 500 E-mini Futures
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


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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.
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Recognize that if this breaks, it will be resistance on the way up.

Comment:
Update:

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.
Comment:
Gravity Point has been reached, right on queue.
Comment:
Rejected at the Gravity Point. Coming inside the week's Expected Move.

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