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BenjaminOmonira

S&P will make a 22 point move or greater

Short
S&P 500 Index (FX:SPX500)  
BenjaminOmonira Updated   
FX:SPX500   S&P 500 Index
consolidation breakout timesymmetry Exponential Moving Average (EMA) reversal
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consolidation breakout timesymmetry ema reversal
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 SPX .
Comment:
So I think I nailed that.
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