$SPY $SPX Analysis, Key levels, and Targets

$SPY $SPX Analysis, Key levels, and Targets

WOW, what a face-ripper week so far…
5.82% in two days!! And nice volume today too…

I sold 386 calls against both my shares, and my Jan 350 calls… right now my calls are up 22.3%, I’d love to see spy at 384 by Friday…
Also remember that Friday at 3pm is consumer credit report... which will, in my opinion, be a good indicator or what we can expect in this earnings season which is quickly approaching...

We are right at the 4hr 35EMA. This could be a support or a resistance… and I wouldn’t be surprised to see a slow rangebound day between the grey channel that I have surrounding the 35EMA, so between 373 and 380, while we see which direction she goes… personally I’m bullish… .and my target is still 386… I do have 384 labelled on the chart but that’s just because that’s where that intersection is with a bunch of MA’s… just going to be monitoring that area closely… From here I can see even to 390, maybe 392, but I think that would push the technicals pretty far so lets’ just see if we can get to 384 and then take it one target at a time…

Yup, I’m back and ramble-y as ever lol…
Hope y’all have a great dat trading tomorrow!! 💃🏻