SPX Expected Move

The horizontal white lines are the Friday close and the upper and lower edges of the SPX weekly expected move. I reset these every weekend just to have a reference. Amazing how often they turn out to be pretty accurate. Yesterday rallied to the top now selling back into the middle. Still above where we closed last Friday.

Could probably do pretty good fading those levels. Sell call spreads when upper edge is hit and sell put spreads when lower edge is hit.

The blue lines are where my SPX short put strikes are and yellow and red are 20 day and 50 day moving averages. That’s about it on my charts.

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