FX:SPX500 S&P 500 index of US listed shares
The SPX is in a temporary 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 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 .
Comment: So I think I nailed that.