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RHTrading
May 25, 2019 11:37 PM

S&P Next Week Expected Move ($47.25) and Gravity Points 

E-mini S&P 500 FuturesCME

Description

Neutral Call. I think the ' h-Pattern ' we have here will provide a nice bump in price but I think selling pressure will keep the market relatively rangebound especially during next week's shortened 4-day week.

Our Standard Deviation trend lines have been working quite well. I believe we have enough data to call them reliable.

I highlighted in a green circle what was a nice trade setup that I missed. Had a confluence of support there from the Gravity Point, Expected Move, and SD after the completion of a 5-wave move.

Best of luck next week gentlemen and have a nice Memorial Day weekend!

- RH

SPY SPY SPX SPX ES! ES1! ES1!
Comments
the_sunship
thank you, i think there will be some positive news and we'll get a bull week to 2900 area.
Shiloh777
Thanks.
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