S&P Next Week Expected Move ($58.5) and Gravity Points
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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:
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30 mins into the trading weak and we've reached the Lower Expected Move
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$2843 Gravity Point has been hit! Wow, tremendous moves.
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Holy boys. Afterhours down 1.5%.
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Right back to square one where we started the week!
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Wouldn't it be neat if we ended this volatile week right on $2911?