Going up this week and next week.
Take bull put spread or long call
Been in Squeeze for 7 weeks. See red dots. With Momentum and wave C coming in. This thing is going down.....and will get to the lower fib line and bounce,
I believe after 7 days of slow up. The SPX is set up for a re-consolidation back down to the 61.8 Fib.
Good Option Bear Call Spread Play
This is the end of the re consolidation and the market will be going up next week.
If this breaks the last Fib line it on the way down for a while.
It will be along the Fib line and the Fan Line. But it will continue to move down.