Looking at 3 levels to play calls / puts

1. 416.54 - (Might be closer to 418) Expecting this level if hit first time during market hours to have a good rejection in it targeting 412 (Day Trade / Possible Swing)

2. 421.38 - It is likely this is the full top of this move higher from 7/14/2022 and I want to be targeting 402 (Swing Trade)

3. 402.03 - This is the top of the structure from 7/27 & 7/28 and I expect should have a good bounce in it for longs targeting 405 to 406 (Day Trade)


OR we open up the month and instantly reject from 411 which invalidates scenario 1 & 2 BUT scenario 3 still works. Strong demand built from 380 to 400 and I PERSONALLY am very much viewing 390 to 400 to be where we bottom after this topping out. 380 I doubt gets ran. We will see!
Chart PatternsTechnical Indicatorsmarketstructuresp500indexSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) Trend Analysisus500

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