S&P Next Week Trade Plan: Expected Move ($41) & Gravity Points
Welcome to Earnings Season!
Google and Amazon report earnings on the 25th after the market. Both will highly influence Friday's trading session.
Expected Move for the week is $41.25 +/- which is a 25% increase w/w of the expected move so put on your seatbelt.
Netflix missed horribly.
Fed cutting interest rates will be negative for the financials XLF.
We broke through the bottom of last week's expected move so I colored it from Orange to Red to represent that.
I have a buy target if we end up overshooting this week's expected move and falling all the way to our longstanding Gravity Point.
It looks like the smallcaps and transports are a bad day or two away from breaking down
The SPX is dangerously extended above all of its moving averages.
Gold bugs watch Silver for confirmation.
If you want to watch Google getting relentlessly spanked here's the link;
www.youtube.com/watch?v=_yzIYZbS...
Last Week's Post:
www.tradingview.com/...ravity-Points-Extra/
Best of luck next week gentlemen
- RH
Google and Amazon report earnings on the 25th after the market. Both will highly influence Friday's trading session.
Expected Move for the week is $41.25 +/- which is a 25% increase w/w of the expected move so put on your seatbelt.
Netflix missed horribly.
Fed cutting interest rates will be negative for the financials XLF.
We broke through the bottom of last week's expected move so I colored it from Orange to Red to represent that.
I have a buy target if we end up overshooting this week's expected move and falling all the way to our longstanding Gravity Point.
It looks like the smallcaps and transports are a bad day or two away from breaking down
The SPX is dangerously extended above all of its moving averages.
Gold bugs watch Silver for confirmation.
If you want to watch Google getting relentlessly spanked here's the link;
www.youtube.com/watch?v=_yzIYZbS...
Last Week's Post:
www.tradingview.com/...ravity-Points-Extra/
Best of luck next week gentlemen
- RH
PSA