Wow we have had some incredible moves in the stock market and forex markets this past few weeks. It's been so much fun, as an options trader this is when you can really get some bang for your buck!
Now on the the outlook for this coming week, on Friday about 3:30 I called for everyone to go long in the chat room. I saw that signs that showed me we were going to go higher. There are several false prints that take us higher if they play out. It co-insides with my target of 1130 area on SPX and there are several that show up nicely!
We ended Friday with a bullish engulfing candle, and a bottoming tail. Now on the video you will see what I believe plays out this coming week. I am definitely leaning bullish, but could be we try and fail and restest again the lows forming a base, so please keep yourself hedged.
I am looking for a retracement to SPX 1130-1140 before rolling over to make new lows. that is the pivot point where I will go short should the inverse H&S play out. :)
So enjoy the videos and it's really nice to be home here at Hotoptionbabe.com I sure have missed it and look forward to all of you soon. Many hugs Anna
