Short 2817-20 will keep rolling over at expiry and minimum TP will be the highest drawdown position takes. Or 2530.
I wonder if they open down here or if they put most of it back on so we're flatish by the time we open...
From what I see 2798 will act as short term support. If this holds I am expecting a test of overnight high at open and maybe pushing through that up to 50 day SMA on SPX. I don’t think they are done with squeezing shorts. I’ve lightened up my short here from 2816 for that reason and will try to keep working this position to capitalize on much larger move down.
I don't trade futures (only the SPY and also the sp500 CFD spreadbet symbol) Going long here at 2802 (my spreadbet price) Stop at 2792
We closed at R3 2815-25 .. Noted back on 10/31... Exactly at the Neckline of a potential powerful IHS... after 7 consecutive updays... Ideal pull back zone as the magnetic pull on Fibs continue to work their magic! This was the ideal Sell Zone .. Ideal zone to have layed them out.