I just keep watching this SPY 210.00 level...The market just keeps gravitating back to it...a little above/below, etc...
btw, here is a look at the percentage of S&P500 stocks above their 50day MA...Extract from it what you will, but there are some divergences in the market breadth...(Candlesticks are the daily SPY)
Looking to add to this small and losing position aprox at 2070 SPX area. Hopefully before FOMC announcement as I would like to get my reaction and get out before Wed 2pm unless my position is well in the money by then; in that case I would hold through announcement.
The ES weeklies had a volatility gain last session of 2.58% for ATM. Trying to land the right price target is like trying to play archery in a hurricane.
Shooting for todays high +1 handle, whatever they may be, but in afterhours or tomorrow morning/lunch.
Limit order to sell half position at 67.75 for a +12.25, hopefully tonight, rest for mid 80s, for hopefully a +20 before FOMC on balance, stop is todays low, below 55. Theres a small losing position I have from Sunday afterhours thats currently in the red, looking to close it tomorrow to decrease the loss or if possible make it positive if we hit mid 80s. Good luck tomorrow people.