It's getting dicey out here. Huge moves in the market this last week. Last week $90 expected Move. We moved all of that and then some. Next week only a $65 expected move. We saw that kind of action in the S&P's on Friday. All of next week, we're supposed to move $65, but we did that on Friday. I anticipate the price action will move OUTSIDE of the expected move.
Here's a more "Busy" chart on the 15 minute for active traders: <deleted>
Redid my trendlines for the 100th time. The two multi-trendlines and one final trendline from the (2009 Low - 2016 Low) & the (2009 Low - 2nd 2016 Low), (2009 Low - 2018 Low); This is a big deal. https Recognize that if this breaks, it will be resistance on the way up.
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Update:
We've reached the upper end of this week's implied volatility. I expect price to come back into the range by the end of the week but now before reaching up to touch the black Gravity Point just above us.
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Gravity Point has been reached, right on queue.
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Rejected at the Gravity Point. Coming inside the week's Expected Move.
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