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

5 août 2019

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:

5 août 2019

Note

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

5 août 2019

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

5 août 2019

Note

Holy boys. Afterhours down 1.5%.

8 août 2019

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Right back to square one where we started the week!

9 août 2019

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