S&P Next Week Expected Move ($58.5) and Gravity Points

٥ أغسطس ٢٠١٩

Gravity Point at $2911 looks like an objective Long. Short term, this is oversold, 5 days down in a row.
Plan on exiting the long at the Red Box. I could see another shorting opportunity if we got to $3000 again.
Expected move increased by $20 after last week had a 3 standard deviation move down, breaking the trend we had built.
Last major week of earnings ahead.

Goodluck next week gentlemen,
- RH


Last Week's Post: (Expected Move: $38)

Zoomed out 30 minute view of most recent uptrend:

Zoomed out 2hr view of the most recent uptrend:

٥ أغسطس ٢٠١٩

ملاحظة

30 mins into the trading weak and we've reached the Lower Expected Move

٥ أغسطس ٢٠١٩

ملاحظة

$2843 Gravity Point has been hit! Wow, tremendous moves.

٥ أغسطس ٢٠١٩

ملاحظة

Holy boys. Afterhours down 1.5%.

٨ أغسطس ٢٠١٩

ملاحظة

Right back to square one where we started the week!

٩ أغسطس ٢٠١٩

ملاحظة

Wouldn't it be neat if we ended this volatile week right on $2911?