BenjaminOmonira
Short

S&P will make a 22 point move or greater

FX:SPX500   S&P 500 index of US listed shares
a year ago
The SPX             is in a temporary bearish state with strong support soon to be tested. There has been two particular stepping breakouts with a span of 3-day consolidation within the past week. After every three day consolidation there has been roughly a 22 point (26 point including the wicks) move to either the down or up side. I expect a 22 point move or less testing the 200 eMa and 20 eMa by tomorrow or within the next two days once those eMa's are tested I will buy calls the morning of the next day with further confirmation of a strong reversal. If the market completely goes against my reasoning for a downward move it will most likely move 22 points upward and stay within the previous consolidating channel between 2107.2 and 2077.0 INDEX:SPX             .
a year ago
Comment: So I think I nailed that.
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